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- Unit 03: The Normal Distribution
- The mean annual cost of automobile
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Card 67 / 180: The mean annual cost of automobile insurance is $939 with a standard deviation of $245. What Excel function can be used to obtain the probability of the annual cost of automobile insurance less than $1000?
A)
=NORMDIST(1000,939,245)
B)
=NORMDIST(1000,245,939,TRUE)
C)
=NORMDIST(1000,939,245,TRUE)
D)
=NORMDIST(1000,939,245,FALSE)
Answer:
C) =NORMDIST(1000,939,245,TRUE)
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Business Statistics
Author:
David BourgeoisLecturer
The Saylor Academy
USA
Access:
Public
Instant Grading
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Attribution:
David T. Bourgeois, PhD; Bharatendra K. Rai, PhD. Business Statistics. The Saylor Academy 2014, http://www.saylor.org/courses/bus204/
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