The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.9 auto accidents per day with a variance of 0.0025. The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0025. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H, and the alternative hypothesis H, that we would use for this test. Ho: 0 H1: 0 O

Q: population variance

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Q: The records of a casualty insurance company show that, in the past, it’s clients have had a mean of…

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Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Given Mean=1.9 Variance=0.0036

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

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Q: Ho: 0 H;: []

A: Explanation :There are two hypotheses that are made: the null hypothesis, denoted Ho, and the…

Q: The records of a casualty Insurance company show that, in the past, its clients have had a mean of…

A:

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: We have given that  Mean (mu)=1.7 and  standard deviation (sigma)=0.06

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Consider that σ2 is the population variance of auto accidents per day for the clients.

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A: Here it is given that- Mean (μ) = 1.7 Variance (δ2) = 0.0036

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Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Given, The records of a casualty insurance company show that, in the past, its clients have had a…

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Here, if we assume the variance of the number of accidents as σ2, then we need to check if the…

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A:

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Given information:

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Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

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A: State the null hypothesis  H0 and the alternative hypothesis H1  that we would use for this test.

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: claim for the test is the actuaries of the company claim that the variance of the number of…

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Given information- Population mean, μ = 1.9 Population variance, σ2 = 0.0016 Claim- the variance of…

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Given, Client had the mean 1.7 auto accidents per day and variance is 0.0016

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: From the provided information, Mean (µ) = 1.7 Variance (σ2) = 0.0025

Q: The records of a casualty insurance company show that, in the past, its clients have had a mean of…

A: Here we want to know the null and alternative hypothesis.

Q: he records of a casualty insurance company show that, in the past, its clients have had a mean of…

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Q: A company is doing a hypothesis test on the variation of quality from two suppliers. They believe…

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Q: The record of a casualty insurance company show that , in the past, its clients have had a mean of…

A: Here,let μ be the mean of  auto accidents per day and σ2 is the variance of auto accidents per day.…