question archive Kindly provide explanation with answer A small insurance agency has two sales agents who sell policies to retail clients
Kindly provide explanation with answer A small insurance agency has two sales agents who sell policies to retail clients
Subject:StatisticsPrice: Bought3
Kindly provide explanation with answer
A small insurance agency has two sales agents who sell policies to retail clients. Historic data suggests that the monthly amount of claims filed by clients of each agent is normally distributed and independent of the other. It is also known that the mean of the monthly claims received by the insurance agency is $3000 and the standard deviation is $500. Finally, it is also known that amount of claims filed with the second agent were lower than those filed with the first agent in 11.5% months. What is the mean of the monthly claims filed with the first agent?
Select one:
A. 1200
B. 1800
C. 2000
D. 1000
