BUSINESS STATSTICS-An insurance company will sample recent health
Question # 00474715
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Updated on: 02/01/2017 07:08 AM Due on: 02/01/2017
An insurance company will sample recent health insurance claims to estimate the mean charge for a particular type of laboratory test. The insurance company wants to be 99% confident of the final estimate and desires a margin of error of no more than $0.50 (50 cents). The company estimates the variability of charges to be s = $3.00.
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Solution: BUSINESS STATSTICS-An insurance company will sample recent health