Anystate Auto Insurance Company took a random sample of 374 insurance claims paid out during a...

Anystate Auto Insurance Company took a random sample of 374 insurance claims paid out during a 1-year period. The average claim paid was $1530. Assume σ = $230. 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

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Expert Solution

Lower limit = 1510.44

Upper limit = 1549.56

Lower limit = 1499.37

Upper limit = 1560.63

milcah answered 9 months ago

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