A company self-insures its large fleet of cars against, Basic Statistics

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A company self-insures its large fleet of cars against

A company self-insures its large fleet of cars against collisions. To determine its mean repair cost per collision, it has randomly chosen a sample of 16 accidents. If the average repair cost in these accidents is $2,200 with a sample standard deviation of $800, find a 90 percent confidence interval estimate of the mean cost per collision.

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Basic Statistics: A company self-insures its large fleet of cars against

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