In: Statistics and Probability
Anystate Auto Insurance Company took a random sample of 372
insurance claims paid out during a 1-year period. The average claim
paid was $1515. Assume σ = $236.
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 | $ |