subject

A consumer group wants to know if an automobile insurance company with thousands of customers has an average insurance payout for all their customers that is greater than $500 per insurance claim. They know that most customers have zero payouts and a few have substantial payouts. The consumer group collects a random sample of 18 customers and computes a mean payout per claim of $579.80 with a standard deviation of $751.30. Is it appropriate for the consumer group to perform a hypothesis test for the mean payout of all customers?

ansver
Answers: 1

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 24.06.2019 09:00
Based on what you've learned about the professions, which ones appeal to you as a potential career and why? if none interest you as a future career, indicate another career you're interested in and explain why that career interests you.
Answers: 1
question
Advanced Placement (AP), 24.06.2019 14:30
What are the significant quotes in invisible man by ralph ellison
Answers: 2
question
Advanced Placement (AP), 25.06.2019 14:10
Arecent strip mall land development project included large amounts of paved surfaces. as a result of this project, groundwater levels in the developed area will most likely a. increase due to sealed artesian wells b. decrease as aquifers are not recharged c. decrease due to decreased surface runoff d. increase due to loss of unconfined aquifers e. increase due to a decrease in demand for fresh water
Answers: 2
question
Advanced Placement (AP), 26.06.2019 08:00
The following table lists the birth rate, death rate, and net migration rate for egypt over the past 20 years. on a coordinate plane, plot the birth rate data and death rate data for egypt. clearly, show each data point and label each curve. be sure to label the graph and axes. save a copy of your graph. then answer the following questions: (14 points) a. what was the annual growth rate for egypt in 1990? what is the estimated annual growth rate in 2010? be sure to show your work for each answer. b. where does egypt most likely fall on the demographic transition model? explain your answer using data from the table. describe two changes within egyptian society that would likely be necessary for egypt to transition to the next stage in the model. c. assuming egypt’s current birth rate, death rate, and net migration rate trends continue, what will the country’s annual growth rate likely be in 2030? if this growth rate is accurate, what would its doubling time be in 2030?
Answers: 2
You know the right answer?
A consumer group wants to know if an automobile insurance company with thousands of customers has an...
Questions
question
English, 30.04.2021 09:10
question
Mathematics, 30.04.2021 09:10
question
Chemistry, 30.04.2021 09:10
Questions on the website: 13722361