Constructing Confidence Intervals Refer to the Excel file Pallet (attached to the assignment) to address all the questions below: The file contains the weight in pounds from a sample of 368 pallets of Boston shingles and 330 pallets of Vermont shingles.
Constructing Confidence Intervals
Refer to the Excel file Pallet (attached to the assignment) to address all the questions below:
The file contains the weight in pounds from a sample of 368 pallets of Boston shingles and 330 pallets of Vermont shingles.
For the Boston shingles, construct a 95% confidence interval for the mean weight.
For the Vermont shingles, construct a 95% confidence interval estimate for the mean weight.
Do you think the assumptions needed to construct the confidence interval estimates in 1 and 2 are valid?
Based on the results of 1 and 2, what conclusions can you reach concerning the mean weight of the Boston and Vermont Shingles?
Refer to the Excel file InsuranceClaims for the assignment below:
The files contains data for 90 randomly selected auto injury claims.
Construct a 95% confidence interval for the population proportion of all auto injury files that have exaggerated loss amounts.
Construct a 95% confidence interval for the population mean dollar excess payment amount.
8 years ago
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- apallet.xlsx
- ainsurance_claims.xlsx