Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. anystate auto insurance company took a random samp

Anystate Auto Insurance Company took a random sample of 360 insurance claims paid out during a...

90.2K

Verified Solution

Question

Basic Math

Anystate Auto Insurance Company took a random sample of 360insurance claims paid out during a 1-year period. The average claimpaid was $1535. Assume ? = $252. Find a 0.90 confidence intervalfor the mean claim payment. (Round your answers to two decimalplaces.) lower limit $ upper limit $ Find a 0.99 confidenceinterval for the mean claim payment. (Round your answers to twodecimal places.

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 & Explanation Solved by verified expert
4.3 Ratings (672 Votes)
Solution Given thatPoint estimate sample mean 1535Population standard deviation 252Sample size n 360At 90    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the domain of the rational function. f(x) = 7x /11-x

Algebra
Q

How are the SWOT Matrix ,SPACE Matrix,BCG Matrix, Internal & External Matrix (I.E) and Grand Strategy...

Operations Management
Q

what do you believe are the four strongest triggers for aggression? List them in the first...

Psychology
Q

Look at your phone and find the most recent text message you received. How is this...

Psychology
Q

Consider the following data drawn independently from normally distributed populations: (You may find it useful to reference...

Basic Math
Q

Thousand cells of same emf E and same internal resistance r are connected in series...

Physics
Q

that of larger sphel b the charge density of smaller sphere is more than that...

Physics
Q

Question 5 The following elements of shareholder's equity are adapted from the balance sheet of...

Accounting
Q

Dexter Industries purchased packaging equipment on January 8 for $111,200. The equipment was expected to...

Accounting
Q

Fleet, Incorporated owns 85% of the stock of Pete, Incorporated and 35% of the stock...

Accounting
Q

Shirley Processing, Incorporated (SPI) makes adhesive tape and uses a FIFO process costing system. The...

Accounting
Q

3. You are saving for retirement. To live comfortably, you decide that you will need...

Finance