Question: An insurance company handling malpractice cases is interested in estimating

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-bar = $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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  • CreatedJune 03, 2015
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