Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A3 a) b} In Britain the average car insurance premium is 450 per annum. Would you expect it to be cheaper in rural Wales? To

image text in transcribed
A3 a) b} In Britain the average car insurance premium is 450 per annum. Would you expect it to be cheaper in rural Wales? To test that a sample of twenty-five motorists in south Gwynedd, were asked how much they pay for insurance in 2020. The mean cost of 440 and a standard deviation of 45. Construct a hypothesis test and report on your findings. Use a significance value of 0.05. 10 marks The Office of National statistics report that the average duration of unemployment for working age adults was twenty weeks in the North of England, with a population standard deviation of five weeks. This com pa red to a duration of sixteen weeks, with a population standard deviation of six weeks in the South of England. Assume a sample size of one hundred in both regions. What is the probability ofa sample of one hundred having a mean within one week of the population mean for: 1) the North of England, and 2] the South of England? Comment on your findings 10 marks

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

Step: 3

blur-text-image

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

Square Summable Power Series

Authors: Louis De Branges, James Rovnyak

1st Edition

0486801365, 9780486801360

More Books

Students also viewed these Mathematics questions

Question

Discuss the states of accounting

Answered: 1 week ago