The research department at the home office of Superior Insurance conducts ongoing research on the causes of
Question:
The research department at the home office of Superior Insurance conducts ongoing research on the causes of automobile accidents, the characteristics of the drivers, and so on. A random sample of 400 policies written on single persons revealed 120 had at least one accident in the previous three-year period. Similarly, a sample of 600 policies written on married persons revealed that 150 had been in at least one accident. At the 0.05 significance level, is there a significant difference in the proportions of single and married persons having an accident during a three-year period? Determine and interpret the p-value.
Step by Step Answer:
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite