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 28 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
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). Explain what the phrase "95 percent confident" means in this situation.
◦ 95 percent of all the life insurance costs will fall within the specified interval.
◦ 95 percent of all retired statisticians are underinsured.
◦ In repeated sampling, 95 percent of the intervals constructed would contain the value of the true population mean.
◦ In repeated sampling, the mean of the population will fall within the specified intervals 95 percent of the time.
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 Melani1276 on Feb 14, 2020

covalentbond

  • Sr. Member
  • ****
  • Posts: 336
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


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Feb 14, 2020
YES! Correct, THANKS for helping me on my review

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Identify each stage of the life cycle Identify each stage of the life cycle
Average optimal blood pressure for age Average optimal blood pressure for age
Socrates thrived on the intellectual life of the agora (the marketplace), where he could be sure to ... Socrates thrived on the intellectual life of the agora (the marketplace), where he could be sure to ...
Tornado Destruction - Loss of Life Tornado Destruction - Loss of Life
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Life in sulfur-rich, anoxic sediments Life in sulfur-rich, anoxic sediments
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library