3.An insurance company employs agents on a commission basis. It claimsthat in their first year, agents will earn a mean of at least 40.000TL and thatthe population standard deviation is no more than 6.00OTL. A randomsample of 9 agents are found for commissions in the first year and hasvalues as follows:9.9.X; = 333000 ve(Xi – x)2 = 312000i=1i=1Where x; are the values for each agent and the distribution is normal.a.Test at the 0.05 significance level the null hypothesis that the populationmean is at least 40.000TL and interpret the resultb.Test at 0.10 significance level the null hypothesis that the populationstandard deviation is at most 6.000TL and interpret the result.

Name: 3.An insurance company employs agents on a commission basis. It claim
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Description: 3.An insurance company employs agents on a commission basis. It claimsthat in their first year, agents will earn a mean of at least 40.000TL and thatthe population standard deviation is no more than 6.00OTL. A randomsample of 9 agents are found for

Solution : Given : Mean = 40000 Standard deviation = 6000 n = 9…

Math

Statistics

3.An insurance company employs agents on a commission basis. It claims that in their first year, agents will earn a mean of at least 40.000TL and that the population standard deviation is no more than 6.000TL. A random sample of 9 agents are found for commissions in the first year and has values as follows: 9. Xi = 333000 ve (Xi – x)² = 312000 i=1 i=1 Where xị are the values for each agent and the distribution is normal. a.Test at the 0.05 significance level the null hypothesis that the population mean is at least 40.000TL and interpret the result b.Test at 0.10 significance level the null hypothesis that the population standard deviation is at most 6.000TL and interpret the result.

3.An insurance company employs agents on a commission basis. It claims that in their first year, agents will earn a mean of at least 40.000TL and that the population standard deviation is no more than 6.000TL. A random sample of 9 agents are found for commissions in the first year and has values as follows: 9. Xi = 333000 ve (Xi – x)² = 312000 i=1 i=1 Where xị are the values for each agent and the distribution is normal. a.Test at the 0.05 significance level the null hypothesis that the population mean is at least 40.000TL and interpret the result b.Test at 0.10 significance level the null hypothesis that the population standard deviation is at most 6.000TL and interpret the result.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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