subject
Mathematics, 29.07.2020 21:01 Idontknow708

The Insure. com website reports that the mean annual premium for automobile insurance in the United States was $1,503 in March 2014. Being from Pennsylvania at that time, you believed automobile insurance was cheaper there and decided to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,425 with a standard deviation of s = $160. 1) What is a point estimate in dollars of the difference between the mean annual premium in Pennsylvania and the national mean? (Use the mean annual premium in Pennsylvania minus the national mean.) 2) At α = 0.05, test for a significant difference. a) Find the value of the test statistic. (Round your answer to three decimal places.) b) Find the p-value. (Round your answer to four decimal places.)

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 16:50
Rockwell hardness of pins of a certain type is known to have a mean value of 50 and a standard deviation of 1.1. (round your answers to four decimal places.) (a) if the distribution is normal, what is the probability that the sample mean hardness for a random sample of 8 pins is at least 51?
Answers: 3
question
Mathematics, 21.06.2019 19:10
With this question substitute t=3 and t=5 to determine if the two expressions are equivalent. 4(t + 3) 4t+12 which statements are true? check all that apply. a. the value of both expressions when t =5 is 32. b. the two expressions are not equivalent. c. the value of both expressions when t=3 is 15. d. the value of both expressions when t=5 is 23. e. the two expressions are equivalent. f. the value of both expressions when t=3 is 24.
Answers: 3
question
Mathematics, 21.06.2019 20:00
How many grams the dog will eat in 3 days?
Answers: 1
question
Mathematics, 21.06.2019 23:30
Hich equation can pair with x + 2y = 5 to create an inconsistent system? 2x + 4y = 3 5x + 2y = 3 6x + 12y = 30 3x + 4y = 8
Answers: 3
You know the right answer?
The Insure. com website reports that the mean annual premium for automobile insurance in the United...
Questions
question
History, 21.03.2020 03:19
question
Mathematics, 21.03.2020 03:19
question
Mathematics, 21.03.2020 03:19
question
Mathematics, 21.03.2020 03:19
Questions on the website: 13722367