A random sample of 16 health maintenance organizations (HMOS) was selected. For each HMO, the co-payment (in dollars) for a doctor's office visit was recorded. The results are as follows. 41, 26, 38, 30, 46, 57, 32, 50, 43, 57, 51, 47, 36, 41, 38, 45 Send data to calculator Send data to Excel Under the assumption that co-payment amounts are normally distributed, find a 90% confidence interval for the mean co-payment amount in dollars. Give the lower limit and upper limit of the 90% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) Lower limit: |I Upper limit:

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
A random sample of 16 health maintenance organizations (HMOS) was selected. For each HMO, the co-payment (in dollars) for a doctor's office visit was
recorded. The results are as follows.
41, 26, 38, 30, 46, 57, 32, 50, 43, 57, 51, 47, 36, 41, 38, 45
Send data to calculator
Send data to Excel
Under the assumption that co-payment amounts are normally distributed, find a 90% confidence interval for the mean co-payment amount in dollars. Give the
lower limit and upper limit of the 90% confidence interval.
Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.)
Lower limit: |I
Upper limit:
Transcribed Image Text:A random sample of 16 health maintenance organizations (HMOS) was selected. For each HMO, the co-payment (in dollars) for a doctor's office visit was recorded. The results are as follows. 41, 26, 38, 30, 46, 57, 32, 50, 43, 57, 51, 47, 36, 41, 38, 45 Send data to calculator Send data to Excel Under the assumption that co-payment amounts are normally distributed, find a 90% confidence interval for the mean co-payment amount in dollars. Give the lower limit and upper limit of the 90% confidence interval. Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.) Lower limit: |I Upper limit:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON