Page 1 of 1
QUESTION 3 In a study of automobile collision insurance costs, a random sample of 80 body repair costs for a particular
Posted: Sun Jul 10, 2022 10:16 am
by answerhappygod
- Question 3 In A Study Of Automobile Collision Insurance Costs A Random Sample Of 80 Body Repair Costs For A Particular 1 (24.35 KiB) Viewed 72 times
QUESTION 3 In a study of automobile collision insurance costs, a random sample of 80 body repair costs for a particular kind of damage had a mean of $472.36 and a standard deviation of $62.35. If x =$472.36 is used as a point estimate of the true average repair cost of this kind of damage, with what confidence can one assert that the sampling error does not exceed $10? %