Estimate the cost of damage to cars due to accidents


Problem: An insurance company wants to estimate the cost of damage to cars due to accidents. The standard deviation of the cost is known to be $158. They want to estimate the mean cost using a 95 percent confidence interval within ±$10. What is the minimum sample size, n, they should take for their study?

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Estimate the cost of damage to cars due to accidents
Reference No:- TGS03371874

Expected delivery within 24 Hours