Q: Using the data posted below this question, determine if the company can claim, at 90% confidence, that the proportion of those that want to pay a lower premium for a higher deductible (i.e. Premium/Deductible = “Y”) is less than 0.30. Insurance Survey Age Gender Education Marital Status Years Employed Satisfaction* Premium/Deductible** 36 F Some college Divorced 4 4 N 55 F Some college Divorced 2 1 N 61 M Graduate degree Widowed 26 3 N 65 F Some college Married 9 4 N 53 F Graduate degree Married 6 4 N 50 F Graduate degree Married 10 5 N 28 F College graduate Married 4 5 N 62 F College graduate Divorced 9 3 N 48 M Graduate degree Married 6 5 N 31 M Graduate degree Married 1 5 N 57 F College graduate Married 4 5 N 44 M College graduate Married 2 3 N 38 M Some college Married 3 2 N 27 M Some college Married 2 3 N 56 M Graduate degree Married 4 4 Y 43 F College graduate Married 5 3 Y 45 M College graduate Married 15 3 Y 42 F College graduate Married 12 3 Y 29 M Graduate degree Single 10 5 N 28 F Some college Married 3 4 Y 36 M Some college Divorced 15 4 Y 49 F Graduate degree Married 2 5 N 46 F College graduate Divorced 20 4 N 52 F College graduate Married 18 2 N *Measured from 1-5 with 5 being highly satisfied. **Would you be willing to pay a lower premium for a higher deductible?

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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Q: Using the data posted below this question, determine if the company can claim, at 90% confidence, that the proportion of those that want to pay a lower premium for a higher deductible (i.e. Premium/Deductible = “Y”) is less than 0.30.

Insurance Survey

Age	Gender	Education	Marital Status	Years Employed	Satisfaction*	Premium/Deductible**
36	F	Some college	Divorced	4	4	N
55	F	Some college	Divorced	2	1	N
61	M	Graduate degree	Widowed	26	3	N
65	F	Some college	Married	9	4	N
53	F	Graduate degree	Married	6	4	N
50	F	Graduate degree	Married	10	5	N
28	F	College graduate	Married	4	5	N
62	F	College graduate	Divorced	9	3	N
48	M	Graduate degree	Married	6	5	N
31	M	Graduate degree	Married	1	5	N
57	F	College graduate	Married	4	5	N
44	M	College graduate	Married	2	3	N
38	M	Some college	Married	3	2	N
27	M	Some college	Married	2	3	N
56	M	Graduate degree	Married	4	4	Y
43	F	College graduate	Married	5	3	Y
45	M	College graduate	Married	15	3	Y
42	F	College graduate	Married	12	3	Y
29	M	Graduate degree	Single	10	5	N
28	F	Some college	Married	3	4	Y
36	M	Some college	Divorced	15	4	Y
49	F	Graduate degree	Married	2	5	N
46	F	College graduate	Divorced	20	4	N
52	F	College graduate	Married	18	2	N

*Measured from 1-5 with 5 being highly satisfied.
**Would you be willing to pay a lower premium for a higher deductible?

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