In a survey, 10 people were randomly chosen and asked how much they spent on their auto insurance per year. The results were roughly bell-shaped with a mean of $920 and standard deviation of $107. Find a 99% confidence interval for the true population mean amount of money that typical drivers would spend on their auto insurances. • Always write the final answer as a complete sentence. Give your answers rounded to two decima places. ANSWER: It can be stated with 99% confidence that the true population mean amount of money that people spend on their auto insurance lies in the interval dollars per year

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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In a survey, 10 people were randomly chosen and asked how much they spent on their auto
insurance per year. The results were roughly bell-shaped with a mean of $920 and standard
deviation of $107. Find a 99% confidence interval for the true population mean amount of money
that typical drivers would spend on their auto insurances.
Always write the final answer as a complete sentence. Give your answers rounded to two decimal
places.
ANSWER: It can be stated with 99% confidence that the true population mean amount of money
that people spend on their auto insurance lies in the interval
dollars per year
Question Help: M Message instructor
Transcribed Image Text:In a survey, 10 people were randomly chosen and asked how much they spent on their auto insurance per year. The results were roughly bell-shaped with a mean of $920 and standard deviation of $107. Find a 99% confidence interval for the true population mean amount of money that typical drivers would spend on their auto insurances. Always write the final answer as a complete sentence. Give your answers rounded to two decimal places. ANSWER: It can be stated with 99% confidence that the true population mean amount of money that people spend on their auto insurance lies in the interval dollars per year Question Help: M Message instructor
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