Question: PROBLEM 8 / Question 12 (2 points): Based on data from High-way Loss Data Institute, in crash tests of 22 randomly selected Honda Odyssey minivans

PROBLEM 8 / Question 12 (2 points): Based on data from High-way Loss Data Institute, in crash tests of 22 randomly selected Honda Odyssey minivans the average collision repair cost is found to be $1,786 with the standard deviation of $835. Calculate a 90% confidence interval for the average repair cost in all Honda Odyssey minivans collisions. (Round your boundaries to 2 places after the decimal point).

a) (1,493.15, 2,078.85) $

b) (1,437.08, 2,134.92) $

c) (1,327.41, 2,244.59) $

d) None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!