Suppose the national average dollar amount for an automobile insurance claim is $890.34. You work for...

Suppose the national average dollar amount for an automobile insurance claim is $890.34. You work for an agency in Michigan and you are interested in whether or not the state average is greater than the national average. The hypotheses for this scenario are as follows: Null Hypothesis: μ ≤ 890.34, Alternative Hypothesis: μ > 890.34. You take a random sample of claims and calculate a p-value of 0.2844 based on the data, what is the appropriate conclusion? Conclude at the 5% level of significance.

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orchestra answered 2 years ago

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