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 PolicyholdersMarried Policyholders721 = 575n2 = 740Number making claims = 115Number making claims = 111a. Use α = 0.05. Test to determine whether the claim rates differ between single and married male policyholders.z-valuep-valueWecan conclude(to 2 decimals)X(to 4 decimals)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.

SOLUTION (a) :Let's denote the proportions of single and married policyholders who made claims as…

Answered: A large automobile insurance company…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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