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Anystate Auto Insurance Company took a random sample of 368 insurance claims paid out during a...

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Question

Basic Math

Anystate Auto Insurance Company took a random sample of 368insurance claims paid out during a 1-year period. The average claimpaid was $1585. Assume ? = $242.

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

lower limit    $
upper limit    $


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

lower limit    $
upper limit    $

Answer & Explanation Solved by verified expert
4.3 Ratings (804 Votes)
Solution Given that 1585 242n 368a At 090 confidence level the z is 1 090 010 2 010 2 005Z2    See Answer
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