Suppose the money spent is uniformly distributed between these amounts a What

Suppose the money spent is uniformly distributed

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Suppose the money spent is uniformly distributed between these amounts. a) What is the mean amount spent on insurance? b) What is the standard deviation of the amount spent? c) If we select a family at random, what is the probability they spend less than $2,000 per year on insurance? d) What is the probability a family spends more than $3,00 per year? Try This ....
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Normal Probability Distribution The normal probability distribution is a continuous distribution with the following characteristics It is bell-shaped and has a single peak at the center of the distribution The distribution is symmetric It is asymptotic , meaning the curve approaches but never touches the X-axis It is completely described by its mean and standard deviation
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The Normal Curve
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Family of Normal Probability Distributions Equal 𝝁, Different 𝝈 Different 𝝁 and 𝝈 Different 𝝁 and Equal 𝝈 Created when either the mean or the standard deviation changes
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