Asked by Jennifer
A consumer agency wanted to investigate if four insurance companies differed with regard to the premiums they charge for auto insurance. The agency randomly selected a few auto drivers who were insured by each of these four companies and had similar driving records,autos, and insurance policies. The following table gives the premiums paid per month by these drivers insured with these four insurance companies.
Company A - 75 83 68 52
Company B - 59 75 100
Company C - 65 70 97 90 73
Company D - 76 60 52 58
Using the 5% significance level, test the null hypothesis that the mean auto insurance premium paid per month by all drivers insured by each of these four companies is the same.
Company A - 75 83 68 52
Company B - 59 75 100
Company C - 65 70 97 90 73
Company D - 76 60 52 58
Using the 5% significance level, test the null hypothesis that the mean auto insurance premium paid per month by all drivers insured by each of these four companies is the same.
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.