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An insurance agent randomly selected 10 of his clients and checked online price quotes for their...

An insurance agent randomly selected 10 of his clients and checked online price quotes for their policies. His summaries of the data are​ shown, where Diff is Local minus−Online.

Variable Count Mean StdDev

Local 10 884.200 316.487

Online 10 826.300 249.734

Diff 10 57.9000 181.582

Test an appropriate hypothesis to see if there is evidence that drivers might save money by switching to an online agent.

Use α= 0.05. HO​: μd=0 HA​: μd>0

Compute the test statistic and Find the​ P-value.

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Expert Solution


milcah answered 1 year ago
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