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Answer to Question #304582 in Statistics and Probability for Alisia
Question #304582
Medical aid board wants to find if the mean time to settle medical claims of members differs between 2 major medical schemes. The sample mean time to settlement was 10.8 days. Population standard deviation of 3.2 days for 1 and the other 12.4 days with population deviation 2.3 days
Estimate with 99% confidence the actual average settlement time for the 2nd fund and intemperate result?
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