People with Hidden Health Problems Are More Likely to Buy

question 171

Short Answer

People with hidden health problems are more likely to buy health insurance than other people. As a result, people in average health may observe the high prices of insurance and decide not to buy it. This is an example of

Recognize how changes in sample size and population standard deviation affect the confidence interval.

Understand the meaning and implications of a confidence level in the context of interval estimation.

Differentiate between correct and incorrect interpretations of confidence intervals.

Recognize the key components required to construct a confidence interval for a population mean.