Solution-Mean charge for a particular type of laboratory

Mean charge for a particular type of laboratory test

Reference no: EM131361131

An insurance company will sample recent health insurance claims to estimate the mean charge for a particular type of laboratory test. The insurance company wants to be 99% confident of the final estimate and desires a margin of error of no more than $0.50 (50 cents). The company estimates the variability of charges to be s = $3.00.

Reference no: EM131361131

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Mean charge for a particular type of laboratory test

Reference no: EM131361131

Reference no: EM131361131

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