Automobile Insurance Premiums. The Onsure.com website reports that the mean annual premium for automobile insurance in the United States was $1503 in March 2014. Being from Pennsylvania at that time, you believed automobile insurance was cheaper there and decided to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1440 with a standard deviation of s = $165. a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania was lower than the national mean annual premium.
Automobile Insurance Premiums. The Onsure.com website reports that the mean annual premium for automobile insurance in the United States was $1503 in March 2014. Being from Pennsylvania at that time, you believed automobile insurance was cheaper there and decided to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1440 with a standard deviation of s = $165. a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania was lower than the national mean annual premium.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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