An insurance agent says the standard deviation of the total hospital charges for patients involved in a crash which the vehicle struck a construction barricade is less than 4000. A random sample of 28 total hospital charges for patients involved in this type of crash has a standard deviation of 3800. At ? = .01 can you support the agent's claim?

Identify the P-Value.

Answer rating: 100% (QA)

from the given scenario the null and altemate hypotheses can be stated as follows Null hypothesis th... View the full answer