Automobile insurance is much more expensive for teenage drivers than for older drivers. To justify this cost

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Automobile insurance is much more expensive for teenage drivers than for older drivers. To justify this cost difference, insurance companies claim that the younger drivers are much more likely to be involved in costly accidents. To test this claim, a researcher obtains information about registered drivers from the department of motor vehicles (DMV) and selects a sample of n = 300 accident reports from the police department. The DMV reports the percentage of registered drivers in each age category as follows: 16% are younger than age 20; 28% are 20 to 29 years old; and 56% are age 30 or older. The number of accident reports for each age group is as follows:
Automobile insurance is much more expensive for teenage drivers than

a. Do the data indicate that the distribution of accidents for the three age groups is significantly different from the distribution of drivers? Test with a = .05.
b. Write a sentence demonstrating how the outcome of the hypothesis test would appear in a research report.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For  book-img-for-question

Essentials Of Statistics For The Behavioral Sciences

ISBN: 9781133956570

8th Edition

Authors: Frederick J Gravetter, Larry B. Wallnau

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