Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. anystate auto insurance company took a random samp

Anystate Auto Insurance Company took a random sample of 376 insurance claims paid out during a...

50.1K

Verified Solution

Question

Basic Math

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 Solved by verified expert
4.2 Ratings (597 Votes)
Sample size n 376Sample mean 1600Population standard deviation 262We have to construct 90 confidence interval for the populationmeanHere    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

QUESTION 1 Please match the genotypic blood types with their respective phenotypic blood types. Note, you may...

Physics
1.2K views

0 A soccer player extends her lower leg in a kicking motion by exerting a...

Basic Math
1.2K views

2 5 points If the graph of y f x is shown below sketch the...

Basic Math
1.2K views

Alana has 12.5 cups of flour with which she is baking four loaves of raisin...

Calculus
1.2K views

Determine the domain and range of the function Part 1 of 2 BENET The domain...

Accounting
1.2K views

Lightfoot Inc., a software development firm, has stock outstanding as follows: 20,000 shares of cumulative...

Accounting
1.2K views

Required information Exercise 12-8(Algo) Payback Period and Simple Rate of Return [L012-1, LO12-6] ...

Accounting
1.2K views

Why do I have to add 2,200 at the bottom of the income statement?

Accounting
1.2K views

Beech Corporation is a merchandising company that is preparing a master budget for the third...

Accounting
1.2K views

Additional information: As of February 1, 2022, current assets were $129,492 and current liabilities were...

Accounting
1.2K views

On July 8, a fire destroyed the entire merchandise Inventory on hand of Larrenaga Wholesale...

Finance
1.2K views

the answer must be in excel formula format (and using excel functions when necessary) ...