Claims. An accountant is checking the amount of general medication and dental claims (in dollars) made by
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Claims. An accountant is checking the amount of general medication and dental claims (in dollars) made by the employees in her company. She randomly selects 10 claims for both the categories from the previous month, with results shown in the following table:
a) Find a 95% confidence interval for the mean general medical claim. Be sure to check the appropriate assumptions and conditions and explain what your interval means.
b) Find a 95% confidence interval for the mean dental claim being more than the general medical claim. Be sure to check the appropriate assumptions and conditions and explain what your interval means.
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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