An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving, they have reduced the monthly premiums that they charged per automobile by more than $60 per month on average. To test this claim, a random sample of 25 automobile policies were allowed to be looked at. This random sample compared the monthly premiums in June, 2020, with the monthly payment before the pandemic (February, 2020) and it was calculated that the monthly premium in June dropped by an average of $63 and that the standard deviation in this this drop in premiums was calculated to be $10.00. At the .01 level of significance, is there sufficient evidence that the insurance company’s claim is true? In answering this question, complete the following in the spaces provided (including diagrams):

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orchestra answered 1 year ago

An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

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An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

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An automobile insurance company claimed that, because of the Covid-19 pandemic, resulting in less automobile driving,...

Summarize the COVID- 19 pandemic

How COVID-19 is driving a long-overdue revolution in education The pandemic has forced universities to bring...

Because of the COVID-19 pandemic recession the unemployment rate spiked to more than 15% (the highest...

a. Because of the COVID-19 pandemic, the unemployment rate increased from 5.8% to 13.2% Is this macroeconomics or microeconomics?

Recently the COVID-19 pandemic has huge impact on Canadian economy. Explain how the COVID-19 pandemic affect...

Explain the causes and consequences of the Covid 19 Pandemic.

Covid-19 pandemic and the US economic policy

How is public health involved in a pandemic like the COVID 19 pandemic?

case: Now because of COVID-19, the lockdown makes this industry highly shattered, Less movement of vehicle,...