Question

Anystate Auto Insurance Company took a random sample of 388 insurance claims paid out during a 1-year period. The

average claim paid was $1515. Assume σ = $258.

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 $

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