Assignment Submission & Scoring Assignment Submission For this assignment, you submit answers by question parts. The number of submissions remaining for each question part only changes if you submit or change the ar Assignment Scoring Your best submission for each question part is used for your score. 1. [-14 Points] DETAILS BBUNDERSTAT12 7.R.004. ASK Y Anystate Auto Insurance Company took a random sample of 362 insurance claims paid out during a 1-year period. The average claim paid was $1570. Assume a = $270. Find a 0.90 confidence interval for the mean claim payment. (Round your answers to two decimal places.) lower limit %24 upper limit %24 Find a 0.99 confidence interval for the mean claim payment. (Round your answers to two decimal places.) lower limit %24 upper limit 24 Submit Answer

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.