Question
An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all the
An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all the agents, which is 35 years. A random sample of 40 policy holders who insured through him gave an average of 32 years with the standard error of 2 years. Using a at 5% level of significance, ascertain whether the insurance agents claim is justified? Also find P-value.
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Business Statistics For Contemporary Decision Making
Authors: Ken Black, Ignacio Castillo
3rd Canadian Edition
1119577624, 9781119577621
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