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Anystate Auto Insurance Company took a random sample of 370 insurance claims paid out during a...

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Statistics

Anystate Auto Insurance Company took a random sample of 370insurance claims paid out during a 1-year period. The average claimpaid was $1535. Assume ĂŹĆ’ = $254.

Find a 0.90 confidence interval for the mean claim payment. (Roundyour answers to two decimal places.)

lowerlimit    $  
upperlimit    $  


Find a 0.99 confidence interval for the mean claim payment. (Roundyour answers to two decimal places.)

lowerlimit    $
upper limit  

Answer & Explanation Solved by verified expert
4.3 Ratings (538 Votes)
SolutionGiven that1535 254n 370a At 90 confidence level the z is 1 90 1 090 010 2 010 2 005Z2 Z005    See Answer
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