SOLVED: The average annual premium for automobile insurance in the United States is 1585 representative sample of annual premiums for the state of Michigan is contained in the Excel Online file below Assume the population is approximately normal. Construct spreadsheet to answer the following questionsx] Open spreadsheet Provide point estimate of the mean annual automobile insurance premium in Michigan(to the nearest dollar)Develop 95% confidence interval for the mean annual automobile insurance
SOLVED: The average annual premium for automobile insurance in the United States i…
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The average annual premium for automobile insurance in the United States is 1503 . The file AutoInsurance contains annual premiums ( that are representative of the website's findings for the state of Michigan. Assume the population of annual premiums is approximately normal. a. Provide a point estimate of the mean annual automobile insurance premium in Michigan. b. Develop a 95 % confidence interval for the mean annual automobile insurance premium in Michigan. c. Does the 95 % confidence interv
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