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Anystate Auto Insurance Company took a random sample of 360 insurance claims paid out during a...

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Basic Math

Anystate Auto Insurance Company took a random sample of 360insurance claims paid out during a 1-year period. The average claimpaid was $1535. Assume ? = $252. Find a 0.90 confidence intervalfor the mean claim payment. (Round your answers to two decimalplaces.) lower limit $ upper limit $ Find a 0.99 confidenceinterval for the mean claim payment. (Round your answers to twodecimal places.

Find a 0.90 confidence interval for the mean claim payment.(Round your answers to two decimal places.)

lower limit    $
upper limit    

$

Find a 0.99 confidence interval for the mean claim payment.(Round your answers to two decimal places.)

lower limit    $
upper limit    $

Answer & Explanation Solved by verified expert
4.3 Ratings (672 Votes)
Solution Given thatPoint estimate sample mean 1535Population standard deviation 252Sample size n 360At 90    See Answer
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