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QUESTION
Anystate Auto Insurance Company took a random sample of 358 insurance claims paid out during a 1-year period. The average claim paid was $1560....
Anystate Auto Insurance Company took a random sample of 358 insurance claims paid out during a 1-year period. The average claim paid was $1560. Assume σ = $248.
Find a 0.90 confidence interval for the mean claim payment. (Round your answers to two decimal places.)
Lower:
Upper:
Find a 0.99 confidence interval for the mean claim payment. (Round your answers to two decimal places.)
lower:
Upper:
