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MATLAB: An Introduction with Applications
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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The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.9 auto accidents per day with a standard deviation of 0.06. The actuaries of the company claim that the standard deviation of the number of accidents per day is no longer equal to 0.06. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis Ho and the alternative hypothesis H₁ that we would use for this test. Ho: D H₁:0 μ 6 OSO O=O X a >O p S ORD
Transcribed Image Text:The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.9 auto accidents per day with a standard deviation of 0.06. The actuaries of the company claim that the standard deviation of the number of accidents per day is no longer equal to 0.06. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis Ho and the alternative hypothesis H₁ that we would use for this test. Ho: D H₁:0 μ 6 OSO O=O X a >O p S ORD
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