The company obtains a random sample of 165 claims and finds, Basic Statistics

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The company obtains a random sample of 165 claims and finds

An insurance company handling malpractice cases is interested in estimating the average amount of claims against physicians of a certain specialty.

The company obtains a random sample of 165 claims and finds x‾ = $16,530 and s = $5,542. Give a 95% confidence interval and a 99% confidence interval for the average amount of a claim.

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Basic Statistics: The company obtains a random sample of 165 claims and finds

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Basic Statistics: The company obtains a random sample of 165 claims and finds

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