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The records of a casualty insurance company show that, in the past, its clients have had a mean of1.8 auto accidents per day with a
The records of a casualty insurance company show that, in the past, its clients have had a mean of1.8 auto accidents per day with a standard deviation of0.06. The actuaries of the company claim that the standard deviation of the number of accidents per day is no longer equal to0.06. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesisH subscript 0 and the alternative hypothesisH subscript 1 that we would use for this test.
H subscript 0=
H subscript 1=
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