Mathematics, 30.11.2019 06:31 CutiePie8960

Alarge insurance company wanted to estimate u, the mean claim size (in 5) on an auto insurance policy. a random sample of 225 claims was chosen and it was found that the average claim size was $2875. from past experience the population standard deviation is assumed to be $1350.
which of the following is the point estimate for u?

a. $225
b. $2875
c. $1350
d. none of the above.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:30, TamB01

The first floor of marcus’ house is 1,440 square feet. he will cover 1,033 square feet with wood and the rest with tile. a box of tiles will cover 11 square feet. how many boxes of tile does marcus need to buy to cover the floor?

Answers: 1

continue

Mathematics, 21.06.2019 21:00, xojade

Which spreadsheet would be used to compute the first nine terms of the geometric sequence a^n=32•(1/2)n-1

Answers: 3

continue

Mathematics, 21.06.2019 21:00, Milosmom

Atorch and a battery cost 2.50 altogether. the torch costs 1.50 more than the battery. what fraction of the total price is the torch? give your answer in its simplest form.

Answers: 2

continue

Mathematics, 22.06.2019 04:00, eileentennyson

Select the term that describes the linear portion in this quadratic equation 7x^2-12x+16=0 a) -12x b) 7x^2 c) 16

Answers: 2

continue

You know the right answer?

Alarge insurance company wanted to estimate u, the mean claim size (in 5) on an auto insurance polic...