Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. 1 according to the records of an auto insurance co

1 According to the records of an auto insurance company the average distance that their...

60.1K

Verified Solution

Question

Statistics

image

1 According to the records of an auto insurance company the average distance that their customers drive to work is 17 4 miles You are a new agent and you think this is too low You do a random polling of 50 of the company s customers and you find that the average is 18 5 miles with a standard deviation of 3 4 miles Do these data provide enough evidence at the 0 05 level of significance to conclude that the average distance driven to work is actually more than 17 4 miles a 1 pt State the null and alternative hypotheses b 1 pt State the p value c 1 pt What is your conclusion about the null hypothesis d 2 pts What is your conclusion in context of this problem

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Identify two popular multivitamin formulas and list the ingredients of each. Compare the ingredients with one...

Finance
1.2K views

Create an excel spreadsheet with the following information Mary Fernandez is a student in the Spring...

Geometry
1.2K views

This is just a practice with some of the applications Please make sure you study...

Statistics
1.2K views

Let y represent the profit or loss for a certain company years after 1980 Based...

Calculus
1.2K views

Evaluate the determinant of the matrix.-6 2-3 10The determinant is

Accounting
1.2K views

USE THE FOLLOWING INFORMATION FOR 1-3 On January 1, 2020 Tupaz Co. issues...

Accounting
1.2K views

5When determining the amount of the lease liability, lessees should include any payments made to...

Accounting
1.2K views

Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. $ 126...

Accounting
1.2K views

Exercise 8-9A (Algo) Computing and recording straight-line versus double-declining-balance depreciation LO 8-2,8-3 Skip to...

Accounting
1.2K views

2. Craft Corporation's retained earnings decreased by $20,000 during the year ended December 31,201. The...

Accounting
1.2K views

Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor...

Finance
1.2K views

(15 points). The times required by 3 workers to perform an assembly-line task were recorded...