Estimating average amount of claims against physicians


Assignment:

An insurance company handling malpractice cases is interested in estimating the average amount of claims against physicians of a certain specialty. The company obtains a random sample of 165 claims and finds x = $16,530 and s = $5,542. Give a 95% confidence interval and a 99% confidence interval for the average amount of a claim.

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Basic Statistics: Estimating average amount of claims against physicians
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