Estimate the cost of damage to cars, Basic Statistics

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Estimate the cost of damage to cars

Oxnard Beneficial Insurance desires to estimate the cost of damage to cars due to accidents. The standard deviation of the cost is estimated at $200. They want to estimate the mean cost using a 95% confidence interval within ± $10. What is the minimum sample size n?

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Basic Statistics: Estimate the cost of damage to cars

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Basic Statistics: Estimate the cost of damage to cars

Reference No:- TGS0863067

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Compute the pearson correlation

Q : Determine rate of car in miles per hour

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Q : Estimate the cost of damage to cars

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Estimate the cost of damage to cars

Reference No:- TGS0863067

Recent Questions Asked Basic Statistics

Q : Compute the pearson correlation

Q : Determine rate of car in miles per hour

Q : Determine the equation of the regression line

Q : Find out the average velocity of the fish

Q : Estimate the cost of damage to cars

Q : Mean balances owed by its credit card customers

Q : Determine the average distance

Q : Equivalent focal length of the combination of lenses

Q : Confidence interval for the true population proportion

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