Question
4. Insurance companies base their rates on how much risk there is in insuring a driver. Risk is assessed by, among other things, age. To
4. Insurance companies base their rates on how much risk there is in insuring a driver. Risk is assessed by, among other things, age. To demonstrate how age figures into its risk assessment, accident data over a two-year period starting in 2018 from males aged 16 - 24 was collected that showed that, out of 2180 drivers, 180 were involved in a major accident. During that same period of time, accident data was also collected from males age 24 - 32 that showed that, out of 2,540 drivers, 146 were involved in a major accident. Is this enough evidence to show that age is a risk factor in accidents? Claims: Check Assumptions: Calculation: Comparison: Narrative: If a larger proportion of younger drivers are involved in major accidents, give a confidence interval for the difference in proportions.
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