A local insurance agent was concerned that he might lose customers to online discount insurance sites. To
Question:
A local insurance agent was concerned that he might lose customers to online discount insurance sites. To investigate, he randomly selected profiles (type of car, coverage, driving record, etc.) for 10 of his clients and checked online price quotes for their policies. The comparisons are shown in the table.
Identify an appropriate nonparametric method to compare the two sets of prices and complete the test.
Transcribed Image Text:
Local Online 568 391 872 602 451 488 1229 903 605 677 1021 1270 783 703 844 789 907 1008 712 702 PriceDiff 270 326 -249 -101
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The data are appropriately paired both local and online prices are provided for the same set ...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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