The American Council of Life Insurance lists the following breakdown of ordinary life insurance policies purchased in

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The American Council of Life Insurance lists the following breakdown of ordinary life insurance policies purchased in the United States during the most recent reporting year. If a random sample of the ordinary life insurance policies from a given state were to result in the table of observed frequencies shown in the rightmost column, could we conclude that the amounts for ordinary life insurance policies sold within that state have the same distribution as policies on the national level? Use the 0.05 level of significance in reaching a conclusion.

National Level, Percentage of Policies State Sample, Number Size of Policy of Policies under $10,000 34 9% $10,000-$14,9

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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