A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period. Single Policyholders Married Policyholders 350 1,000 Number making claims = 70 Number making claims = 150 a. Use l= 0.05 Test to determine whether the claim rates differ between single and married male policyholders. z-value (to 2 decimals) p-value (to 4 decimals) b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period. Single Policyholders Married Policyholders 350 1,000 Number making claims = 70 Number making claims = 150 a. Use l= 0.05 Test to determine whether the claim rates differ between single and married male policyholders. z-value (to 2 decimals) p-value (to 4 decimals) b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.1: Ratios
Problem 21WE
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Question
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period.
Single Policyholders | Married Policyholders |
350 | 1,000 |
Number making claims = 70 | Number making claims = 150 |
a. Use l= 0.05 Test to determine whether the claim rates differ between single and married male policyholders.
z-value | (to 2 decimals) |
p-value | (to 4 decimals) |
b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
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