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The average annual car insurance premium (yearly cost) in Florida is among the highest in the nation. To estimate the average annual car insurance premium

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The average annual car insurance premium (yearly cost) in Florida is among the highest in the nation. To estimate the average annual car insurance premium in Florida, a data analyst contacted a random sample of 281 car owners in Florida and found that the average annual car insurance premium of the sample was $1,960. From previous research, standard deviation of the distribution of all annual car insurance premiums in Florida is known to be $199. Using a 99% confidence level, determine a confidence interval for the average annual car insurance premium in Florida. ($1936.73, $1983.27) ($1929.42, $1990.58 ($1934.24, $1985.76) ($1932.38, $1987.62)

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