A Frequency Distribution Has a Mean of 100 and a Standard

question 46

Multiple Choice

A frequency distribution has a mean of 100 and a standard deviation of 20. The class limits for one class are 50 up to 60. Based on the normal distribution,what is the probability that an observation would be in this class?

• A)0.4938
• B)0.4772
• C)0.0166
• D)−0.0166

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Definitions:

Coinsurance Clause

A provision in an insurance policy requiring the policyholder to bear a portion of the costs of a claim, reducing the insurer’s risk.

Fire Insurance Policy

A contract that provides compensation for damage or loss of property due to fire.

Recover

To regain or obtain compensation or restitution through legal means, often after a loss or injury.

Life Insurance Policy

A contract between an individual and an insurance company, promising payment to named beneficiaries upon the insured person's death.