A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period. Single Policyholders Married Policyholders 721 = 575 n2 = 740 Number making claims = 115 Number making claims = 111 a. Use α = 0.05. Test to determine whether the claim rates differ between single and married male policyholders. z-value p-value We can conclude (to 2 decimals) X (to 4 decimals) that there is the difference between claim rates. b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period. Single Policyholders Married Policyholders 721 = 575 n2 = 740 Number making claims = 115 Number making claims = 111 a. Use α = 0.05. Test to determine whether the claim rates differ between single and married male policyholders. z-value p-value We can conclude (to 2 decimals) X (to 4 decimals) that there is the difference between claim rates. b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
Related questions
Question
Transcribed Image Text:A large automobile insurance company selected samples of single and married male policyholders and recorded the number who made an insurance claim over the preceding three-year period.
Single Policyholders
Married Policyholders
721 = 575
n2 = 740
Number making claims = 115
Number making claims = 111
a. Use α = 0.05. Test to determine whether the claim rates differ between single and married male policyholders.
z-value
p-value
We
can conclude
(to 2 decimals)
X
(to 4 decimals)
that there is the difference between claim rates.
b. Provide a 95% confidence interval (to 4 decimals) for the difference between the proportions for the two populations. Enter negative answer as negative number.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,