# Anystate Auto Insurance Company took a random sample of 370 insurance claims paid out during a 1-year period. The average claim paid was $1570. Assume jernplate8 2021-07-05 Answered Anystate Auto Insurance Company took a random sample of 370 insurance claims paid out during a 1-year period. The average claim paid was$1570. Assume $$\sigma\ math=250$$. Find 0.90 and 0.99 confidence intervals for the mean claim payment.

### Expert Community at Your Service

• Live experts 24/7
• Questions are typically answered in as fast as 30 minutes
• Personalized clear answers

### Plainmath recommends

• Ask your own question for free.
• Get a detailed answer even on the hardest topics.
• Ask an expert for a step-by-step guidance to learn to do it yourself.

## Expert Answer

Corben Pittman
Answered 2021-07-06 Author has 11953 answers
Mean $$\displaystyle\mu$$
90%: 1548.6201 to 1591.3799
95%: 1536.5330 to 1603.4670

### Expert Community at Your Service

• Live experts 24/7
• Questions are typically answered in as fast as 30 minutes
• Personalized clear answers

### Plainmath recommends

• Ask your own question for free.
• Get a detailed answer even on the hardest topics.
• Ask an expert for a step-by-step guidance to learn to do it yourself.
...