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Confidence interval for the mean claim payment

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Reference no: EM132501629

Anystate Auto Insurance Company took a random sample of 352 insurance claims paid out during a 1-year period. The average claim paid was $1570. Assume σ = $246.

Find a 0.90 confidence interval for the mean claim payment. (Round your answers to two decimal places.)

lower limit $

upper limit $

Find a 0.99 confidence interval for the mean claim payment. (Round your answers to two decimal places.)

lower limit $

upper limit $

Reference no: EM132501629

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