Mathematics, 24.05.2020 01:59 Nigward666
The average annual premium for automobile insurance in the U. S. is $1,503. The following annual premiums are representative of the website’s findings for the Michigan state. $1,905 $2,370 $2,184 $2,981 $2,725 $2,545 $2,332 $2,627 $2,677 $2,529 $3,112 $2,857 $2,600 $2,442 $2,545 $2,675 $2,962 $2,312 $2,525 $2,115 Assume the population is approximately normal. (a) Provide a point estimate of the mean annual automobile insurance premium in Michigan. (b) Develop a 95% confidence interval for the mean annual automobile insurance premium in Michigan.(c) Does the 95% confidence interval for the annual automobile insurance premium in Michigan include the national average for the US? Interpret the relationship between auto insurance premiums in Michigan and the national average.
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The average annual premium for automobile insurance in the U. S. is $1,503. The following annual pre...
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