Sub: Statistics Topic: Testing
To develop a 90 percent confidence interval for the population mean
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Families USA, a monthly magazine that discusses issues related to health and health costs,
surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family
with coverage through an employer averaged $10,979. The standard deviation of the sample
a. Based on this sample information, develop a 90 percent confidence interval for the
population mean yearly premium.
b. How large a sample is needed to find the population mean withi