A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar

Fantastic news! We've Found the answer you've been seeking!

Question:

A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar clients between the ages of 31 and 40 (measured in $):

122	121	83	66	136	104	76	109	48
109	49	112	102	60	62	86	101	120

T-Distribution Table

a. Calculate the sample mean and standard deviation.

Round to the nearest cent

b. Construct a 99% confidence interval for the mean monthly insurance premium for all non-smoking white-collar clients between the ages of 31 and 40.

Round to the nearest cent

Posted Date: May 18, 2024 08:11 AM

See More Questions

Question 2 A company manufactures and sells x units of audio system per month. The cost function and the price function (in RM) are given as below. Cost: C(x) = 40,000 + 600 x Price: p(x) = 3,000 -...
A firm is currently selling on credit terms of net 30, and its accounts receivable average 30 days past due (i.e., the firms average collection period is 60 days).What credit policy variables might...
On April 1, 2011, Arnwine Supply issued $ 50,000,000 in 15- year, 10 percent bonds that pay interest annually on April 1. The bonds were issued on April 1, 2009, when the market interest rate was 11...
Is securitisation something to do with anti-criminal precautions? If not, explain what it is and why firms do it.
Transactions include the following: 1. Declaration of stock dividend. 2. Purchase of 50 percent of the outstanding stock of another company. 3. Payment of previously accrued interest payable. 4....
Madhav s is one of Kenyan s most trusted brands in the sweets and snacks segment. The company has manufacturing plants in Mombasa, Nairobi, Nakuru, and Eldoret. Madhav s has its own retail chain...
Think of a time when you were involved in strategic decision making. This could be a business situation or a personal situation. It could be anything from purchasing inputs for a manufacturing firm...
Enrons Bankruptcy Examiner concluded that the Prepay Transactions may have been Enrons single largest source of cash during the four-year period prior to Enrons filing for bankruptcy. True/False
The electricity fiasco in California was concocted by Enron by transmitting energy into a fictional world ______________ of transmission schedules and ______________ congestion in power lines.
Enrons energy trading, especially its gas trading and its trading on the manipulated California electricity market, generated profits that staved off the inevitable crash caused by fictitious...
When a company guarantees the debt of its unconsolidated affiliates, it is a signal that these entities may be used to raise debt without recording it on the sponsoring companys balance sheet....
According to Enrons Bankruptcy Examiner, the effect of Enrons prepay transactions on its financial statements was: (a) Understatement of its debt. (b) Overstatement of its cash flow from operating...
You are given the following total market values for an index over a five-year period. Assuming the index starts at 1,000, calculate the index value each year. Year 1: $5,714 million Year 2: $5,839...
A parking lot charges $3 for the first hour (or part of an hour) and $2 for each succeeding hour (or part), up to a daily maximum of $10. (a) Sketch a graph of the cost of parking at this lot as a...
The Basel Accords have had a great impact on the banking industry. Describe these and explain their significance to the ordinary person.
The following balance sheet and income statement data were taken from the financial records of The Arcadia Company. Required Prepare an indirect method statement of cash flow for The Arcadia Company...
Use supply and demand curves to illustrate how a central bank conducts monetary policy using open market operations, a discount window and altering reserve levels.

A health insurance broker records the monthly extended health and dental insurance premiums for 18 non-smoking white-collar

Question:

Expert Answer:

Students also viewed these mathematics questions