The director of the North Carolina Local Government Insurance Pool (NCLGIP) has implemented mandatory annual risk assessments
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The director of the North Carolina Local Government Insurance Pool (NCLGIP) has implemented mandatory annual risk assessments for all members of the pool in hopes of reducing both the number of claims made by members and the average size of these claims. The average payout per claim last year was $34,000. To see whether the mandatory risk assessments are working, the director takes a random sample of 100 claims filed through the first 4 months of this year. What can the director conclude about the impact of this program?
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Solution The director can conclude that this program is not ...View the full answer
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Related Book For 
Applied Statistics For Public And Nonprofit Administration
ISBN: 9781111342807
8th Edition
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
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