Question

A woman sued a computer keyboard manufacturer, charging that her repetitive stress injuries were caused by the keyboard. The injury awarded about $3.5 million for pain and suffering, but the court then set aside that award as being unreasonable compensation. In making this determination, the court identified a "normative" group of 27 similar cases and specified a reasonable award as one within two standard deviations of the mean of the awards in the 27 cases. The 27 awards were (in $1000s) 38, 60, 71, 111, 137, 144, 148, 150, 238, 290, 340, 410, 600, 750, 750, 754, 1050, 1100, 1135, 1150, 1200, 1200, 1250, 1576, 1700, 1825, and 2000, from which

Σx_i = 20,177, Σx_i² = 24,654,401.

What is the maximum possible amount that could be awarded under the two-standard-deviation rule? (Round your answer to the nearest whole number.)

Answer 1