Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three year period. Single Policyholders Married Policyholders ny, = 438 ny = 842 Number making claims = 63 Number making claims = 80 a. Use a = 0.05. Test to determine whether the claim rates differ between single and married male policyholders. z-value 2.81 0 (to 2 decimals) p-value 0.0050 o (to 4 decimals) We | can conclude v | ) that there is the difference between claim rates. b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number. ( 0.0104 @ 0.0872 @)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started