Question: Question 11 (1 point) Suppose the national average dollar amount for an automobile insurance claim is $915.18. You work for an agency in Michigan and

 Question 11 (1 point) Suppose the national average dollar amount for

Question 11 (1 point) Suppose the national average dollar amount for an automobile insurance claim is $915.18. You work for an agency in Michigan and you are interested in whether or not the state average is different from the national average. The hypotheses for this scenario are as follows: Null Hypothesis: H = 915.18, Alternative Hypothesis: u # 915.18. You take a random sample of claims and calculate a p-value of 0.0955 based on the data, what is the appropriate conclusion? Conclude at the 5% level of significance. ( 1) The true average claim amount is significantly different from $915.18. 2) The true average claim amount is equal to $915.18. (3) We did not find enough evidence to say the true average claim amount is higher than $915.18. (4) We did not find enough evidence to say a significant difference exists between the true average claim amount and $915.18. (5) We did not find enough evidence to say the true average claim amount is less than $915.18

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