Mathematics, 30.11.2019 06:31 CutiePie8960
Alarge insurance company wanted to estimate u, the mean claim size (in 5) on an auto insurance policy. a random sample of 225 claims was chosen and it was found that the average claim size was $2875. from past experience the population standard deviation is assumed to be $1350.
which of the following is the point estimate for u?
a. $225
b. $2875
c. $1350
d. none of the above.
Answers: 2
is the sample mean
.
, the mean claim size (in 5) on an auto insurance policy. 
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Alarge insurance company wanted to estimate u, the mean claim size (in 5) on an auto insurance polic...
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