Identify the type of test.
-Insurance companies track life expectancy information to assist in determining the cost
Of life insurance policies. Last year the average life expectancy of all policyholders was
77 years. ABI Insurance wants to determine if their clients now have a longer life
Expectancy, on average, so they randomly sample some of their recently paid policies.
The insurance company will only change their premium structure if there is evidence that
People who buy their policies are living longer than before. Which of the following
Statement is true about this hypothesis test?
A) It is a two tailed test about a proportion.
B) It is a one tailed test about a mean.
C) It is a one tailed test about a proportion.
D) It is a two tailed test about a mean.
E) None of the above.
Correct Answer:
Verified
Q1: Write the hypotheses.
-A report on the
Q3: Make conclusions based on confidence intervals.
-A company
Q4: Make conclusions about the hypotheses.
-A company manufacturing
Q5: Write the hypotheses.
-Insurance companies track life
Q6: Calculate the appropriate test statistic.
-A company
Q7: Write the hypotheses.
-Top management of a
Q8: Make conclusions about the hypotheses.
-A large software
Q9: Identify the type of test.
-A company manufacturing
Q10: Identify and interpret types of error.
-Top management
Q11: Make conclusions about the hypotheses.
-A report on
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