Study of automobile collision insurance costs


In study of automobile collision insurance costs, a random sample of 80 body repair costs for a particular kind of damage had a mean of $472.36 and a standard deviation of $62.35 If X| = 472.36 is employed as a point of estimate of the true average repair cost of this kind of damage, with what confidence can one assert that the error does not exceed $10?

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Basic Statistics: Study of automobile collision insurance costs
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