Confidence interval for the average amount of a claim

Reference no: EM131372567

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.

Reference no: EM131372567

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