You have been asked to evaluate single-employer plans after the establishment of the Health Benefit Guarantee Corporation.

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You have been asked to evaluate single-employer plans after the establishment of the Health Benefit Guarantee Corporation. A random sample of 76 percentage changes in promised health benefits was observed. The sample mean percentage change was 0.078, and the sample standard deviation was 0.201.
Find and interpret the p-value of a test of the null hypothesis that the population mean percentage change is 0 against a two-sided alternative.
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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