Solved

Insurance Companies Track Life Expectancy Information to Assist in Determining

Question 3

Multiple Choice

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 one tailed test about a mean.
B) It is a one tailed test about a proportion.
C) It is a two tailed test about a mean.
D) It is a two tailed test about a proportion.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents