The average annual car insurance premium yearly cost in Florida is among the highest in...

70.2K

Verified Solution

Question

Statistics

image

The average annual car insurance premium yearly cost in Florida is among the highest in the nation To estimate the average annual car insurance premium in Florida a data analyst contacted a random sample of 285 car owners in Florida and found that the average annual car insurance premium of the sample was 1 833 From previous research standard deviation of the distribution of all annual car insurance premiums in Florida is known to be 249 Using a 98 confidence level determine a confidence interval for the average annual car insurance premium in Florida 1800 99 1865 01 O 1804 09 1861 91 O 1795 01 1870 99 1708 60 1967 21

Answer & Explanation Solved by verified expert
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