Solved 1 An Insurance Agent Has Claimed That The Average Chegg An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. To test the insurance agent's claim, we can use a one sample t test with the null and alternative hypotheses as follows: h0: μ = 35 (the average age of policy holders who insure through the agent is equal to the average for all the agents).
Solved An Insurance Agent Has Claimed That The Average Age Of An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. An insurance agent has claimed the average age of policyholders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 100 policyholders who had insured through him gave the following age distributions: calculate the: i. We are testing the claim that the average age of policyholders is less than 30.5 years. z=σ nμ−μ0 where μ0=30.5, μ=28.8, σ=6.36, and n=100. z=6.36 10028.8−30.5=0.636−1.7≈−2.67. the critical z value for a 95% confidence level (one tailed test) is z=−1.645. since −2.67<−1.645, the test statistic falls in the rejection region. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years.
An Insurance Agent Has Claimed That The Average Age Of Policy Holders We are testing the claim that the average age of policyholders is less than 30.5 years. z=σ nμ−μ0 where μ0=30.5, μ=28.8, σ=6.36, and n=100. z=6.36 10028.8−30.5=0.636−1.7≈−2.67. the critical z value for a 95% confidence level (one tailed test) is z=−1.645. since −2.67<−1.645, the test statistic falls in the rejection region. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30 5 years. To test the insurance agent's claim, we will use a one sample t test with the null hypothesis being that the mean age of policyholders who insure through him is the same as the mean for all agents (i.e., 35 years) and the alternative hypothesis that the mean age is less than 35 years. To determine whether the insurance agent's claim is justified, we can conduct a hypothesis test. let's set up the null and alternative hypotheses: null hypothesis (h0): the average age of all policy holders who insure through the agent is equal to or greater than 35 years. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. test the agents claim at 5% level of significance.
Solved An Medical Insurances Company Claimed That The Chegg An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30 5 years. To test the insurance agent's claim, we will use a one sample t test with the null hypothesis being that the mean age of policyholders who insure through him is the same as the mean for all agents (i.e., 35 years) and the alternative hypothesis that the mean age is less than 35 years. To determine whether the insurance agent's claim is justified, we can conduct a hypothesis test. let's set up the null and alternative hypotheses: null hypothesis (h0): the average age of all policy holders who insure through the agent is equal to or greater than 35 years. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. test the agents claim at 5% level of significance.
A Life Insurance Agent Found The Following Data About Distribution Of To determine whether the insurance agent's claim is justified, we can conduct a hypothesis test. let's set up the null and alternative hypotheses: null hypothesis (h0): the average age of all policy holders who insure through the agent is equal to or greater than 35 years. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all agents, which is 30.5 years. a random sample of 25 policy holders was selected with mean 28.8 years and standard deviation 6.35 years. test the agents claim at 5% level of significance.