SOLUTION: Time 73 19 16 64 28 28 31 90 60 56 31 56 22 18 45 48 17 17 17 91 92 63 50 51 69 16 17 The data above represents a sampling of 27 insurance claims from

Question 415175: Time
73
19
16
64
28
28
31
90
60
56
31
56
22
18
45
48
17
17
17
91
92
63
50
51
69
16
17
The data above represents a sampling of 27 insurance claims from the Coral Gables office of the insurance firm of Justin Case. The time Justin took to resolve these 27 claims (in days) is given here.
Q-1a: Create a 95% confidence interval for the mean time to resolve insurance claims at the firm. Your answer should include the upper and lower limit.

Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!



Hi

Mean is 43.8889

Standard Deviation is 25.2835

ME = 1.96[25.2835/sqrt(27)] = 	

CI: 43.8889-ME < u < 43.8889 + ME		





 

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