Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. A large automobile insurance company selected samples of single and married male pol icy holders and recorded the number who made an insurance claim

image text in transcribed
image text in transcribed
4. A large automobile insurance company selected samples of single and married male pol icy holders and recorded the number who made an insurance claim over the preceding threeyear period. Single Policyholders Married Policyholders n1 : 400 ng : 900 Number making claims : 76 Number making claims : 90 (a) State the hypotheses that can be used to test if the proportion of single policy holders who made an insurance claim over the preceding three-year period is signicantly different from the proportion of married policyholders who made an insurance claim over the preceding threeyear period. (b) What is the sample proportion of single policyholders who made an insurance claim over the preceding threeyear period? What is the sample proportion of married policyholders? (0) Compute the test statistic. (d) Compute the critical value at a a : 0.05 level of signicance. (e) What is your conclusion based on the critical value? (f) Compute the 95% condence interval estimate of the difference between the pop ulation proportions. Can you conclude that the two proportions are signicantly different

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus And Its Applications Expanded Version

Authors: Marvin L Bittinger, David J Ellenbogen, Scott J Surgent

1st Edition

0321882512, 9780321882516

More Books

Students also viewed these Mathematics questions