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Business, 12.08.2020 06:01 Isaiahtate053

An automobile insurer has found that repair claims have a mean of $1520 and a standard deviation of $770. Suppose that the next 100 claims can be regarded as a random sample from the long-run claims process. The mean and standard deviation of the average x of the next 100 claims is: a. mean = $1,520 and standard deviation = $77
b. mean = $1,520 and standard deviation = $7.70
c. mean = $152 and standard deviation = $77
d. mean = $152 and standard deviation = $770

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An automobile insurer has found that repair claims have a mean of $1520 and a standard deviation of...

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