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any state auto insurance company took a random sample of 360 insurance claims paid out during...

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Basic Math

any state auto insurance company took a random sampleof 360 insurance claims paid out during a one year. The averageclaim paid was $1,575 assume the name equals $238 find a 0.90confidence interval for the mean claim round your answers to twodecimal places lower limit of the find a 0.99 confidence intervalfor the mean claim payment round your answers to two decimal placeslower limit upper limit

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4.2 Ratings (749 Votes)
SolutionGivenSample size n 360Sample mean Population standard deviation Part a Find a 090 confidence interval for themean claimFormulawhereLook in z table for Area 09500 or its closest area and    See Answer
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