A surge in health insurance premiums imposes an additional burden on a business. A random sample of

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A surge in health insurance premiums imposes an additional burden on a business. A random sample of 10 employees indicates that the average cost increase per employee is about $2,345 with a standard deviation of $245.

Assuming a normal distribution for the per-employee increase, construct a 90 % confidence interval for the average increase.

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 17, 2024 11:37 PM

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A surge in health insurance premiums imposes an additional burden on a business. A random sample of

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Statistics For Business And Financial Economics

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