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An insurance agent says the standard deviation of the total hospital charges for patients involved in a crash in which the vehicle struck a construction
An insurance agent says the standard deviation of the total hospital charges for patients involved in a crash in which the vehicle struck a construction barricade is less than $3300. A random sample of 28 total hospital charges for patients involved in this type of crash has a standard deviation of $3600. At =0.01 can you support theagent's claim? Use theP-value method to test the claim.
Identify theP-value.
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