Explore BrainMass

Explore BrainMass

    uniform distribution

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    According to the State Insurance Agency, a family of 4 members spend between 400 and $ 3800 per year in all types of insurance. Sunponga that money is spent has a uniform distribution.

    1. What is the average amount being spent on insurance?
    2. If a family is chosen at random, Cuá is likely to spend less than $ 2000 per year?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:46 pm ad1c9bdddf
    https://brainmass.com/statistics/normal-distribution/statistics-uniform-distribution-248613

    Solution Summary

    The solution provides step by step method for the calculation of probability from normal distribution . Formula for the calculation and Interpretations of the results are also included.

    $2.19

    ADVERTISEMENT