DATA fileAutoinsurance20.Assignment 3The average annual premium for automobile insurance in the United States is $1503(Insure.com website, March 6, 2014). The following annual premiums ($) are representa-tive of the website's findings for the state of Michigan.19052725267726002962218423323112254525252370254525292442231229812627285726752115Assume the population is approximately normal.a. Provide a point estimate of the mean annual automobile insurance premium inMichigan.b. Develop a 95% confidence interval for the mean annual automobile insurance pre-mium in Michigan.C. Does the 95% confidence interval for the annual automobile insurance premium inMichigan include the national average for the United States? What is your interpreta-tion of the relationship between auto insurance premiums in Michigan and the nationalaverage?

The objective of the question is to calculate the point estimate of the mean annual automobile…

Answered: DATA file Autoinsurance 20. Assignment…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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