You work for an insurance firm and you must choose between two companies to handle your employers
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You work for an insurance firm and you must choose between two companies to handle your employer’s investment portfolio. Although both companies have claims about the mean 1-year return for a $10 000 investment, you prefer to take independent samples from company A and company B. All you care about is whether there is a difference in the mean 1-year return (measured in dollars) of each of the two companies. The Minitab summary of the analysis is given below.
a) Write the null and alternative hypothesis.
b) Based on the Minitab output, make a decision about the null hypothesis at 5% signficance.
c) Write a statistical conclusion.
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Related Book For
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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