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The Wisconsin State Court system wants to assess the impact that punitive damages have on large tort awards. Using the court system's computers 2500 cases
The Wisconsin State Court system wants to assess the impact that punitive damages have on large tort awards. Using the court system's computers 2500 cases were selected at random from all those cases in which $100,000,000 or more were awarded. The sample revealed a mean of $75,000 and a standard deviation of $50,000. Place a 95% confidence limit around your best estimate of the punitive damages for this case.
A. $73,040 to $76,960
B. $72,500 to $77,500
C. $66,450 to $83,550
D. $61,250 to $88,750
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