I am trying to calculate insurance premiums for a list of 49 client on same formula.
The formula is not available in EXCEL and hence I can not use EXCEL to do it quick. I have to do it on the application.
I am just afraid that taking random samples from the data will result in misleading average premium.
How can I possibly use some statistical technique to safely arrive at average premium for my 49 data values.
Advertise on Talk Stats