Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

There is significant difference between two amounts quoted.

The president of the American Insurance Institute wants to compare the yearly costs of auto insurance offered by two leading companies. He selects a sample of 15 families, some with only a single insured driver, others with several teenage drivers, and pays each family a stipend to contact the two companies and ask for a price quote. To create the data comparable, certain features, such as the deductible amount and limits of liability, are standardized. The sample information is reported below. At the .10 significance level, can we conclude that there is a difference in the amounts quoted?

 

 

progressive

GEICO

Family

Car Insurance

Mutual Insurance

Becker

$2,090

$1,610

Berry

1,683

1,247

Cobb

1,402

2,327

Debuck

1,830

1,367

DuBrul

930

1,461

Eckroate

697

1,789

German

1,741

1,621

Glasson

1,129

1,914

King

1,018

1,956

Kucic

1,881

1,772

Meredith

1,571

1,375

Obeid

874

1,527

Price

1,579

1,767

Phillips

1,577

1,636

Tresize

860

1,188

 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M922170

Have any Question? 


Related Questions in Statistics and Probability

Starting in 1998 a series of credit card usage studies have

Starting in 1998, a series of credit card usage studies have been performed by Sallie Mae, a major provider of educational loans and savings programs. In a recent pilot study, a random pool of 122 loan applicants attendi ...

What was the highest point of the popes power and what was

What was the highest point of the pope's power and what was the lowest point?

44nbspof a certain countrys voters think that it is too

44% of a certain country's voters think that it is too easy to vote in their country. You randomly select 12 likely voters. Find the probability that the number of likely voters who think that it is too easy to vote is ( ...

1 what kind of variance does the mean square within-groups

1. What kind of variance does the mean square within-groups (MS wg ) reflect? 2. The sum of squares between-groups (SS bg ) reflects the degree to which the condition means vary around the __________.

1 when tv advertisements report 2 out of 3 dentists

1. When TV advertisements report, "2 out of 3 dentists surveyed indicated they would recommend Brand X toothpaste to their patients," an informed consumer may question the conclusion because a. the sample was only 5 dent ...

Imagine that you have collected the following set of iq

Imagine that you have collected the following set of IQ scores: 110 124 100 125 104 119 98 130 76 95 143 90 132 102 125 96 99 78 100 80 112 112 103 88 94 108 88 132 87 119 109 104 104 100 119 99 135 128 92 110 90 92 120 ...

Searches related to the time of travel from a persons

Searches related to the time of travel from a person's apartment to the bus station follows a uniform distribution over the interval from 20 to 30 minutes. If he/she leaves home at 9:05AM, what is the probability that he ...

Question i am sending this question second time because i

Question: I am sending this question second time because I have suspicion about the solution. I am solving it by converting the given percentages into probabilities, and then calculating Expected Freq.=np. Please follow ...

Relate the content of this video to the industry segment of

Relate the content of this video to the Industry segment of the external environment by describing which of Porter's Five Competitive Forces is the focus of Outsell Consulting's value proposition? What is the nature of t ...

Problem 1 if we were to visit europa one of jupiters

Problem 1: If we were to visit Europa (one of Jupiter's Galilean moons) and we were to look at the sky, what would be Jupiter's angular size if Jupiter is in average 670,900 km away from Europa and has a diameter of 139, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen