A sample of 25 malpractice lawsuits filed against doctors showed that the mean compensation awarded to the plaintiffs was $410,425 with a standard deviation of $74,820. Find a 95% confidence interval...

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A sample of 25 malpractice lawsuits filed against doctors showed that the mean compensation awarded to the plaintiffs was $410,425 with a standard deviation of $74,820. Find a 95% confidence interval for the mean compensation awarded to plaintiffs of all such lawsuits. Assume that the compensations awarded to plaintiffs of all such lawsuits are normally distributed.




Answered Same DayDec 25, 2021

Answer To: A sample of 25 malpractice lawsuits filed against doctors showed that the mean compensation awarded...

Robert answered on Dec 25 2021
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A sample of 25 malpractice lawsuits filed against doctors showed that the mean compensation
awarde
d to the plaintiffs was $410,425 with a standard deviation of $74,820. Find a 95%
confidence interval for the mean compensation awarded to plaintiffs of all such lawsuits. Assume
that the compensations awarded to plaintiffs of all such lawsuits are normally distributed.
Ans:
Data
M = $410,425
SD = $74,820
N = 25
Confidence interval gives an estimated range of values for...
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