Question 13(1 point)

Suppose the national average dollar amount for an automobile insurance claim is $670.543. 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: = 670.543, Alternative Hypothesis: 670.543. A random sample of 27 claims shows an average amount of $668.645 with a standard deviation of $68.6867. What is the test statistic and p-value for this test?

Question 13 options:

1)

Test Statistic: -0.144, P-Value: 1.5566

2)

Test Statistic: 0.144, P-Value: 0.8869

3)

Test Statistic: -0.144, P-Value: 0.44345

4)

Test Statistic: -0.144, P-Value: 0.5566

5)

Test Statistic: -0.144, P-Value: 0.8869