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 n₁ = 440 Number making claims = 88 Married Policyholders n₂ = 840 Number making claims 126 a. Use a = 0.05. Test to determine whether the claim rates differ between single and married male policyholders. (to 2 decimals) * (to 4 decimals) z-value p-value We can conclude that there is the difference between claim rates. 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 n₁ = 440 Number making claims = 88 Married Policyholders n₂ = 840 Number making claims 126 a. Use a = 0.05. Test to determine whether the claim rates differ between single and married male policyholders. (to 2 decimals) * (to 4 decimals) z-value p-value We can conclude that there is the difference between claim rates. 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.
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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Transcribed Image Text: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.
Z-value
p-value
Single
Policyholders
n₁ = 440
Number making
claims = 88
a. Use a = 0.05. Test to determine whether the claim rates differ between single and married male policyholders.
(to 2 decimals)
(to 4 decimals)
X
Married
Policyholders
n2 = 840
Number making
claims 126
We can conclude
✔ that there is the difference between claim rates.
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.
X
* )
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