Anystate Auto Insurance Company took a random sample of 376
insurance claims paid out during a...
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Anystate Auto Insurance Company took a random sample of 376insurance claims paid out during a 1-year period. The average claimpaid was $1600. Assume ? = $262.
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
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4.2 Ratings (597 Votes)
Sample size n 376Sample mean 1600Population standard deviation 262We have to construct 90 confidence interval for the populationmeanHere
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