THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A confidence interval for the difference between the means of two normally distributed populations based on the following dependent samples is desired:
-What is the margin of error at 95% Confidence interval?
Definitions:
Damages
Monetary compensation awarded by a court for loss or injury caused by the unlawful act or negligence of another.
Deductible
An amount that a policyholder must pay out of pocket before an insurance provider will cover any expenses.
Insured
An individual or entity covered by an insurance policy, receiving financial protection or reimbursement against losses from an insurer.
Loss
The state or condition of not having something anymore, often referring to the disadvantage suffered following a particular event or action.
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