report issued by Malaysia Insurance Institute (MIM) reported that the average premium for health insurance per customer aged between 40-50 within RM250 per month. An individual claims that the average premium per month is less than RM250

Determine the followings for each of the given statements:

i) Hypothesis (H0 and H1)

ii) One-tailed (upper tailed or lower tailed) or two tailed.

iii) Illustrate the distribution curve, the side of the tail and the rejection and non-rejection region.

Answer rating: 100% (QA)

i Hypothesis H0 Null Hypothesis The average top rate in line with month for medical insurance for cl... View the full answer