Question

Anystate Auto Insurance Company took a random sample of 372 insurance claims paid out during a 1-year period. The average claim paid was $1565. Assume σ = $258.

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 1

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