Mathematics, 06.05.2020 08:33 amakayla57
Automobile collision insurance is used to pay for any claims made against the driver in the event of an accident. This type of insurance will typically pay to repair any assets that your vehicle damages. A random sample of 4040 collision claims of 20- to 24-year-old drivers results in a mean claim of $45404540 with a standard deviation of $23022302. An independent random sample of 4040 collision claims of 30- to 59-year-old drivers results in a mean claim of $36603660 with a standard deviation of $20292029. Using the concept of hypothesis testing, determine if a higher insurance premium should be paid by 20- to 24-year-old drivers. Use a alpha equals 0.01α=0.01 level of significance, and let population 1 be 20- to 24-year old drivers and population 2 be 30- to 59-year old drivers. Complete parts (a) through (e) below.
a. Collision claims tend to be skewed to the right. Why do you think this is the case?
b. What type of test should be used?
c. Determine the null and alternative hypotheses.
d. Calculate the P value
e. Draw a conclusion based on the hypothesis test
Answers: 3
Mathematics, 21.06.2019 15:30, xxxamslashxxx9
Data was collected on myrtle beach for 11 consecutive days. each day the temperature and number of visitors was noted. the scatter plot below represents this data. how many people visited the beach when the temperature was 84 degrees?
Answers: 1
Mathematics, 21.06.2019 20:00, nails4life324
Ana drinks chocolate milk out of glasses that each holdof a liter. she has of a liter of chocolate milk in her refrigerator. 10 how many glasses of chocolate milk can she pour?
Answers: 2
Automobile collision insurance is used to pay for any claims made against the driver in the event of...
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