An insurance agent has claimed that the average age of policy holders who insure through him...

    

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An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all the agents, which is 35 years. A random sample of 40 policy holders who insured through him gave an average of 32 years with the standard error of 2 years. Using a at 5% level of significance, ascertain whether the insurance agents claim is justified? Also find P-value. An insurance agent has claimed that the average age of policy holders who insure through him is less than the average for all the agents, which is 35 years. A random sample of 40 policy holders who insured through him gave an average of 32 years with the standard error of 2 years. Using a at 5% level of significance, ascertain whether the insurance agents claim is justified? Also find P-value.