The claims department at Wise Insurance Company believes that younger drivers have more accidents and, therefore, should
Question:
The claims department at Wise Insurance Company believes that younger drivers have more accidents and, therefore, should be charged higher insurance rates. Investigating a sample of 1,200 Wise policyholders revealed the following breakdown on whether a claim had been filed in the last 3 years and the age of the policyholder. Is it reasonable to conclude that there is a relationship between the age of the policyholder and whether or not the person filed a claim? Use the .05 significancelevel.
Transcribed Image Text:
Claim 74 58 Age Group 16 up to 25 25 up to 40 40 up to 55 55 or older Total No Claim 8 170 240 400 190 1,000 24 200 4
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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