Answer:
8.2+/-0.25
= ( 7.95, 8.45) years
the 95% confidence interval (a,b) = (7.95, 8.45) years
Step-by-step explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean x = 8.2 years
Standard deviation r = 1.1 years
Number of samples n = 75
Confidence interval = 95%
z value(at 95% confidence) = 1.96
Substituting the values we have;
8.2+/-1.96(1.1/√75)
8.2+/-1.96(0.127017059221)
8.2+/-0.248953436074
8.2+/-0.25
= ( 7.95, 8.45)
Therefore the 95% confidence interval (a,b) = (7.95, 8.45) years
Q: How much did Jay have to pay excluding his share of the insurance premium?
A: $1800+$200 = $2000
Q: How much did Jay's company pay for his insurance premium?
A: $700. If Jay's $350 is 1/3 of the premium , then Jay's company pays 2*$350=$700 as rest of his premium.
Q: Jay paid 10% and the plan paid 90% beyond the deductible. How much did Jay's insurance company pay total?
A: Jay's insurance company paid $16200. Given that Jay paid $1800 beyond his deductible of $200 (and that is 10% of the actual cost) means that his plan (insurance company) paid 90%=9*$1800=$16200.
Q: How much did Jay have to pay total, including his share of the premium?
A: Jay paid $2350. He paid $200 deductible + $1800 beyond deductible + $350 premium
Answer:
11.4166667
Step-by-step explanation:
