A major insurance firm interviewed a random sample of 1,200 college students to find out the type of life insurance preferred,if any.The results follow:
$$\begin{array}{l}
\quad\quad\quad\quad\quad\quad\quad\text { Insurance Preference }\
\begin{array} { | l | c c c | }
\hline \text { Gender } & \text { Term } & \text { Whole Life } & \text { Na Insurance } \
\hline \text { Female } & 100 & 80 & 325 \
\text { Male } & 160 & 60 & 475 \
\hline
\end{array}
\end{array}$$ Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.

Question

A major insurance firm interviewed a random sample of 1,200 college students to find out the type of life insurance preferred,if any.The results follow:
 $$\begin{array}{l}
\quad\quad\quad\quad\quad\quad\quad\text { Insurance Preference }\
\begin{array} { | l | c c c | } 
\hline \text { Gender } & \text { Term } & \text { Whole Life } & \text { Na Insurance } \
\hline \text { Female } & 100 & 80 & 325 \
\text { Male } & 160 & 60 & 475 \
\hline
\end{array}
\end{array}$$ Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.

Quizplus · Accepted Answer

The Answer of A major insurance firm interviewed a random sample of 1,200 college students to find out the type of life insurance preferred,if any.The results follow:
 $$\begin{array}{l}
\quad\quad\quad\quad\quad\quad\quad\text { Insurance Preference }\
\begin{array} { | l | c c c | } 
\hline \text { Gender } & \text { Term } & \text { Whole Life } & \text { Na Insurance } \
\hline \text { Female } & 100 & 80 & 325 \
\text { Male } & 160 & 60 & 475 \
\hline
\end{array}
\end{array}$$ Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.

A Major Insurance Firm Interviewed a Random Sample of 1,200