Confidence interval for population mean cost


To determine the medical charges for appendectomy, Blue Star Insurance has data from random sample of 70 patients. The sample mean cost is $510, with sample standard deviation of $70. Develop a 95% confidence interval for population mean cost.

We are 95% confident that populations mean costs of patients' medical charges for appendectomy through Blue Star Insurance range is between _____________ and ________________.

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Basic Statistics: Confidence interval for population mean cost
Reference No:- TGS0855123

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