7.) It is believed that 30% of drivers in the country make an insurance claim in any given year. An insurance company examines a sample of 200 of its policyholders, and finds that 64 of them made claims last year. Based on this, is there enough evidence to say that the claim rate for this company’s policyholders is higher than for the
7.) It is believed that 30% of drivers in the country make an insurance claim in any given year. An insurance company examines a sample of 200 of its policyholders, and finds that 64 of them made claims last year. Based on this, is there enough evidence to say that the claim rate for this company’s policyholders is higher than for the
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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7.) It is believed that 30% of drivers in the country make an insurance claim in any given year. An insurance company examines a sample of 200 of its policyholders, and finds that 64 of them made claims last year. Based on this, is there enough evidence to say that the claim rate for this company’s policyholders is higher than for the country overall with a = 0.05?
d. Find the critical value or p value
e. Should you reject the null hypothesis?
f. Summarize the results
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