Question
In: Math
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
Solutions
Expert Solution
Lower limit = 1510.44
Upper limit = 1549.56
Lower limit = 1499.37
Upper limit = 1560.63
milcah answered 1 year agoRelated Solutions
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insurance claims paid out during a 1-year period. The average claim
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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.)
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$
upper limit
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your answers to two decimal places.)
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upper limit
$
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$
upper limit
$
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insurance claims paid out during a 1-year period. The average claim
paid was $1530. Assume σ = $256.
Find a 0.90 confidence interval for the mean claim payment.
(Round your answers to two decimal places.)
lower limit $
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decimal places.) lower limit...
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