Find the confidence interval.
-Insurance companies track life expectancy information to assist in determining the cost
Of life insurance policies. ABI Insurance randomly sampled 100 recently paid policies
And determined the average age of clients in this sample to be 77.7 years with a standard
Deviation of 3.6. The 90% confidence interval for the true mean age of its life insurance
Policy holders is
A) 77.1 to 78.3 years
B) 76.87 to 80.33 years
C) 75.4 to 80 years
D) 74.1 to 81.3 years
E) 72.5 to 82.9 years
Correct Answer:
Verified
Q1: Find the sample size.
-Top management at a
Q3: Find correct t* values.
-A manufacturer of cheese
Q4: Find the confidence interval.
-Grandma Gertrude's Chocolates, a
Q5: Check conditions / assumptions of confidence intervals
Q6: Interpret the confidence interval.
-A large software development
Q7: Find the sample size.
-A manufacturer of cheese
Q8: Find the margin of error.
-Grandma Gertrude's Chocolates,
Q10: Find the confidence interval.
-A large software development
Q11: Find the standard error of the mean.
-A
Q13: In a metal fabrication process, metal rods
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