Short Answer
Use the following information for questions:
Management of an airline uses a normal distribution to model the value claimed for a lost piece of luggage on domestic flights. The mean of the distribution is $600 and the standard deviation is $85. Suppose a random sample of 65 pieces of luggage is to be selected.
-What is the expected value of the average claimed value of the 65 pieces of lost luggage?
Correct Answer:

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Correct Answer:
Verified
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