Find a confidence interval for the mean co-payment amount

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A random sample of 12<br/> health maintenance organizations (HMOs) was selected. For each HMO, the co-payment (in dollars) for a doctor's office visit was recorded. The results are as follows:

8, 10, 11, 11, 7, 10, 5, 11, 8, 10, 12, 6

Under the assumption that co-payment amounts are normally distributed, find a 90% confidence interval for the mean co-payment amount in dollars. Then complete the table below.

Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.)

What is the lower limit of the confidence interval?

What is the upper limit of the confidence interval?\

Reference no: EM132514795

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