Question: show the step by step process in execll An insurance compary is interested in determining whether life insurance covernge is influenced linearly by dispusable income;

show the step by step process in execll
An insurance compary is interested in determining whether life insurance covernge is influenced linearly by dispusable income; A randamily chosen sample of size 20 producod the data shown in the table below. Construct a seatterplat with a trend line. What conclusions can yau draw?
Disposablelncome ( $ thousands) Life Insurance Coverage ( $ thousands)
\table[[45,60],[40,58],[65,100],[50,50],[70,120],[75,140],[70,100],[40,50],[50,70],[45,60],[65,80],[60,90],[45,50],[40,50],[55,70],[55,60],[60,80],[1,120],[45,50],[65,70]]
Table below shows the inside diameter (in milimeters) af metal sleeves producnd in a machine shop for 100 randomly selected parts. Twenty samples, rach of size $, were taken. Simply looking at the data below table provides little insight about the process. Please provide the histogram and your explanation (how the sample distributed?)
Sample
Obsorvations [Five per Sample]
\table[[1,50.05,50.03,50.02,50,49.94],[2,49.96,49.99,50.03,50.01,49.98],[3,50.01,50.01,50.01,50,49.92],[4,49.95,49.97,50.02,50.1,50,02],[5,50,50.01,50,50,50,09],[6,50.02,so.05,49.97,50.02,50,09],[7,50.01,49.99,49.95,49.99,50],[8,50.02,50,50.04,50,02,50],[9,50.06,49.93,49.99,49.99,49.95],[10,49.96,49.93,50.08,49.92,50.03],[11,50.01,49.96,49.98,50,50.02],[12,50,04,49.94,50,50.03,49.92],[13,49.97,49.9,49.98,50.01,49.95],[14,49.98,50.01,49.95,49,97,49.94],[15,49.97,49.98,50,03,50,08,49.96],[16,49.98,50,49.97,49.96,49,97],[17,50.03,50,04,50.03,50.01,50.01],[18,49.98,49.98,49,99,50.05,50],[19,50.07,50,50.02,49.99,49,93],[20,49.99,50,06,49.95,49.99,50.02]]
 show the step by step process in execll An insurance compary

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 General Management Questions!