report issued by Malaysia Insurance Institute (MIM) reported that the average premium for health insurance per customer
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Question:
report issued by Malaysia Insurance Institute (MIM) reported that the average premium for health insurance per customer aged between 40-50 within RM250 per month. An individual claims that the average premium per month is less than RM250
Determine the followings for each of the given statements:
i) Hypothesis (H0 and H1)
ii) One-tailed (upper tailed or lower tailed) or two tailed.
iii) Illustrate the distribution curve, the side of the tail and the rejection and non-rejection region.
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 9781119607458
10th Edition
Authors: Ken Black
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