Iverage an omobille insur iceT $605. Suppose that in a simple random sample of 80 residents of New York, for most recent year their average expenditure was $638.62 with the standard deviation of $106.05. Based on these data, examine whether th average annual insurance for motorists in New York might be different from that in national level. Using the 0.05 level of significance, what conclusion do you reach? Also, construct and interpret 95% confidence interva for the population mean. Is the hypothesized mean within the interval? Is this consistent with the findings o the hypothesis test conducted?

Iverage an omobille insur iceT $605. Suppose that in a simple random sample of 80 residents of New York, for most recent year their average expenditure was $638.62 with the standard deviation of $106.05. Based on these data, examine whether th average annual insurance for motorists in New York might be different from that in national level. Using the 0.05 level of significance, what conclusion do you reach? Also, construct and interpret 95% confidence interva for the population mean. Is the hypothesized mean within the interval? Is this consistent with the findings o the hypothesis test conducted?

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Description: According to the Insurance Association in US, the average annual expenditure for automobile insurance is$605. Suppose that in a simple random sample of 80 residents of New York, for most recent year their averageexpenditure was $638.62 with the stan

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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