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Anystate Auto Insurance Company took a random sample of 376 insurance claims paid out during a...

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Question

Basic Math

Anystate Auto Insurance Company took a random sample of 376insurance claims paid out during a 1-year period. The average claimpaid was $1600. Assume ? = $262.

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

lower limit    $
upper limit    $


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

lower limit    $
upper limit    $

Answer & Explanation Solved by verified expert
4.2 Ratings (597 Votes)
Sample size n 376Sample mean 1600Population standard deviation 262We have to construct 90 confidence interval for the populationmeanHere    See Answer
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