Question: please help me with proper explanations. these sum is from testing hypothesis & An insurance agent has claimed that the average age of policyholders who

please help me with proper explanations. these sum is from testing hypothesis

& An insurance agent has claimed that the average age of policyholders who insure through him is less. than the average for all agents, which is 30 5years A Random sample of 100 policyholders who had insured through him gave the following age distribution. Age last Birthday ( years) No of Person Insured 12 16- 20 22 21 - 25 20 26- 30 31- 35 30 36- 40 16 Jotel 100 Calculate the arithmetic mean and standard deviation of this distribution and use these values to test his claim at the s percent level of significance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

please I need help with these questions, this is my 4th time posting it!!! it is a 4 questions 1- What is the most important feature that distinguishes takaful from conventional insurance? (5...

Can anyone help with these!! I need it soon 1- What is the most important feature that distinguishes takaful from conventional insurance? (5 marks).* Your answer 2- Explain briefly the difference...

Please I need help with the ratios mention bellow. Find necessary information the complete the assignment on the attachments, Which include PDF of the 10k. Thanks Calculate the following ratios for...

Please help with the discussion below: ** Each of the 3 questions below only need to beabout two-threepara graphs but packed full of information, no fluff. **Attached below are a few readings from...

Volkswagen shocked the world on September 18, 2015 with its response to the U.S. Environmental Protection Agency's (EPA) notice that Volkswagen's "clean diesel" vehicles were found to be in violation...

Hi I'm trying to figure out the formula for the inventory turnover of CVS in 2010. I know that is the cost of goods sold/ average income. In the statement I could see the cost of goods sold which is...

please help me to find the answer for part 1, part3 and part4 Queensland University of Technology QUT Business School School of Accountancy AYB 339 Accountancy Capstone Integrated Case Study Semester...

I am so lost with all of this and the worst part it is due in an hour and a half. I don't know what to do please help. In this course you will have the opportunity to apply the concepts learned to a...

READ FIRST: For the following questions, assume that you have the State Farm Car Policy handed out in class, including the coverage and limits shown on the Declarations page. Also assume that the...

INTRODUCTION TO STATISTICAL METHODS Each question carries 2 Marks (5 x 2 = 10 Marks) 1. An insurance agent has claimed that the average age of policy holders who insure through him is less than the...

In Exercises 1-3, find the standard matrix of the orthogonal projection onto the subspace W. Then use this matrix to find the orthogonal projection of v onto W. 1. 2. 3. w-span([1])--CI 0-1 123

Skiax Consolidated, a decentralized company, compensates the management of each division with a fixed salary plus a cash bonus which is a function of the divisions profitability. Skiax has three...

Beginning today, you will make 5 quarterly deposits of $ 1 0 6 each into an account that pays 7 . 3 % annual interest compounded quarterly. How much will you have on the date of the last payment?

Beyonc Knowles - Carter is more than one of the world's best - selling artists. She's a leader in many ways, including empowering women who follow her. The Beyhive, as they're known, want to " be...

Does the presentation of your message include a symbol, a logo, music, symbolic language, symbolic physical artifacts, symbolic clothing, symbolic people, a mascot, symbolic use of color and/or a...

Does your product/program have a descriptive and memorable slogan?

How does this compare with the Fog Index for your written message?