Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Quickpay insurance company interviewed a random sample of 450 college students to find out the type of life insurance preferred. The results follow: Insurance

image text in transcribed
The Quickpay insurance company interviewed a random sample of 450 college students to find out the type of life insurance preferred. The results follow: Insurance Preference Gender Whole Life Term Life Female 78 155 Male 116 101 a) Is there evidence that life insurance preference of male students and the life insurance preference of female students are dependent. Use a 2.5% level of significance. b) The Quickpay insurance company wanted to know whether the female students in college preferred a whole life insurance. They surveyed 233 college female students and asked about the preference of insurance. After tallying the responses, they found out that 140 chose the whole life insurance. Estimate with 99% confidence the proportion of all females who chose to prefer a whole life insurance. c) This part has no link to part a) to b). When the problem objective is to describe a population of nominal data with exactly two categories, which test(s) could be used to properly analyze the data

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

Linear Algebra With Applications

Authors: Gareth Williams, Williams

9th Edition

1284120104, 9781284120103

More Books

Students also viewed these Mathematics questions

Question

Prepare a short profile of Henry words worth Longfellow?

Answered: 1 week ago

Question

What is RAM as far as telecommunication is concerned?

Answered: 1 week ago

Question

Question 1: What is reproductive system? Question 2: What is Semen?

Answered: 1 week ago

Question

Describe the sources of long term financing.

Answered: 1 week ago

Question

The amount of work I am asked to do is reasonable.

Answered: 1 week ago

Question

The company encourages a balance between work and personal life.

Answered: 1 week ago