This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A retired statistician was interested in determining the average cost of a $200,000.00 term life ... (Read 156 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Feb 14, 2020
A retired statistician was interested in determining the average cost of a $200,000.00 term life insurance policy for a 60-year-old male non-smoker. He randomly sampled 65 subjects (60-year-old male non-smokers) and constructed the following 95 percent confidence interval for the mean cost of the term life insurance: ($850.00, $1050.00). State the appropriate interpretation for this confidence interval. Note that all answers begin with "We are 95 percent confidence that…"
◦ The average term life insurance cost for sampled 65 subjects falls between $850.00 and $1050.00
◦ The term life insurance cost of the retired statistician's insurance policy falls between $850.00 and $1050.00
◦ The average term life insurance costs for all 60-year-old male non-smokers falls between $850.00 and $1050.00
◦ The term life insurance cost for all 60-year-old male non-smokers' insurance policies falls between $850.00 and $1050.00
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by @Brianna17 on Feb 14, 2020

zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Feb 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


@Brianna17

  • Member
  • Posts: 550
Reply 2 on: Feb 14, 2020
Thanks for the timely response, appreciate it

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

A rich diversity of life lives in and among coral reefs. A rich diversity of life lives in and among coral reefs.
Steps in determining the structure of sperm whale myoglobin by x-ray crystallography Steps in determining the structure of sperm whale myoglobin by x-ray crystallography
Hepatitis B Life Cycle Hepatitis B Life Cycle
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
The Uses of Petroleum in Daily Life The Uses of Petroleum in Daily Life
Life Expectancy in Developing Countries Life Expectancy in Developing Countries
Video: Neuron Type Animation

For a complete list of videos, visit our video library