A consumer group wants to know if an automobile insurance company with thousands of customers has an average insurance payout for all their customers that is greater than $500 per insurance claim. They know that most customers have zero payouts and a few have substantial payouts. The consumer group collects a random sample of 18 customers and computes a mean payout per claim of $579.80 with a standard deviation of $751.30. Is it appropriate for the consumer group to perform a hypothesis test for the mean payout of all customers

Answers

Answer 1

It isn't appropriate for the consumer group to perform a hypothesis test for the mean payout of all customers.

The major reason is because the sample is short and it is given that most consumer has zero payouts.

What do we know?Most customers have zero payouts and a few have substantial payoutsSample size = 18Sample mean = $579.80Sample variance = $751.30

How to know if it is appropriate to perform hypothesis testing?

The size of the sample taken is not enough large. When sample isn't large enough, it represents skewed information of the population.

The population itself contains many customers who have zero payouts, thus the population isn't normally distributed for insurance claim.

Because of these reasons, the sample mean won't help in deducing conclusions about population mean.

Thus, it is inappropriate for the consumer group to perform a hypothesis test for the mean payout of all customers.

Learn more about population mean estimation here:

https://brainly.com/question/20747890

Answer 2

It is not appropriate to perform a hypothesis test for the mean payout of all customers, mostly because the sample is really small.

What do we know?Most customers have zero payouts and a few have substantial payouts Sample size = 18 Sample mean = $579.80 Sample variance = $751.30

What does this imply?

The first thing you can see is the sample size, it seems to be really small for a company with thousands of customers, is really probably that just 18 of them do not represent accurately the whole population.

We also do know that a large proportion of the population has zero payouts, so the population is skewed.

Just because of these two motives, the mean of the sample most likely does not accurately portray the whole population, thus is not appropriate for the consumer group to perform a hypothesis test for the mean payout of all customers.

If you want to know more about samples and populations, you can read:

https://brainly.com/question/13880665


Related Questions

A pair of equations is shown below:
y=7x- 8
y= 5x-2
Part A: Explain how you will solve the pair of equations by substitution or elimination. Show all the steps and write the solution. (5 points)
Part B: If the two equations are graphed, at what point will the lines representing the two equations intersect? Explain your answer. (5 points

Answers

Answer:

x=3, y=13. (3, 13).

Step-by-step explanation:

7x-8=5x-2

7x-5x-8=-2

2x-8=-2

2x=-2+8

2x=6

x=6/2=3

y=5(3)-2=15-2=13

Answer:

given y=7x-8 i

y=5x-2 ii

Step-by-step explanation:

equating equation i and ii which is i=ii

7x-8=5x-2

7x-5x= -2+8

2x=6

x=6÷2

x=3

now

putting the value of xbin equation i

y=7x-8

y=7×3-8

y=21-8

y=13

hence the value of x and y is 3 and 13 respectively

10) A survey of business students who had taken the Graduate Management Admission Test (GMAT) indicated that students who have spent at least five hours studying GMAT review guides have a probability of 0.85 of scoring above 400. Students who do not spend at least five hours reviewing have a probability of 0.65 of scoring above 400. It has been determined that 70% of the business students spent at least five hours reviewing for the test. a. Find the probability of scoring above 400. b. Find the probability that given a student scored above 400, he/she spent at least five hours reviewing for the test.

Answers

Answer:

0.79 ; 0.753

Step-by-step explanation:

Given that:

Students who have spent at least five hours studying GMAT review guides have a probability of 0.85 of scoring above 400 :

≥ 5 hours review = 0.85

Students who do not spend at least five hours reviewing have a probability of 0.65 of scoring above 400

< 5 hours = 0.65

70% (0.7) of business students spend atleast 5 hours review time

A.) probability of scoring above 400

(Proportion who spend atleast 5 hours review time * 0.85) + (Proportion who do not spend atleast 5 hours * 0.65)

Proportion who do not spend atleast 5 hours = (1 - proportion who spend atleast 5 hours) = 1 - 0.7 = 0.3

Hence,

P(scoring above 400) = (0.7 * 0.85) + (0.3 * 0.65) = 0.595 + 0.195

= 0.79

B.) probability that given a student scored above 400, he/she spent at least five hours reviewing for the test.

P(spent ≥5 hours review | score above 400) :

P(spent ≥5 hours review) / P(score > 400)

(0.7 * 0.85) / 0.79

0.595 / 0.79

= 0.753

Plz answer will mark brainliest

Answers

Answer:

3cm

It would be 3.35, but rounded it is 3cm

Step-by-step explanation:

268/80 = 3.35

Bro help please I don’t know that answer I’ll give brainiest

Answers

Answer:

the awnser is 8 as is it it the awnser

Step-by-step explanation:

It's C.

8x8 = 64,

64/8 = 8

IT WUU Tate for school on a
Given that 35.5% of them were men, 40% of them were women and the rest were
OXFORD
particular day, find the number of students who were punctual for school.
1800 people attended the National Day dinner in a certain constituency.
children, find the number of children who attended the dinner.​

Answers

Answer:

Number of students = 441 Students

Step-by-step explanation:

Given:

Percent of women = 40%

Percent of women = 35.5%

Total number of people = 1,800

Find:

Number of students

Computation:

Percent of student = 100% - 35.5% - 40%

Percent of student = 24.5%

Number of students = 1,800 x Percent of student

Number of students = 1,800 x 24.5%

Number of students = 441 Students

Cooper opened a savings account with $800 that pays no interest. He deposits an
additional $100 each week thereafter. How much money would Cooper have in the
account 26 weeks after opening the account?

Hi! Please answer this! I will give the first comment brainliest! Thank you so much, this is the last question on my test so please answer❤️

This is an arithmetic sequence question

Answers

Answer:

$3400

Step-by-step explanation:

800+(26x100)

A car dealership is comparing the sales of two employees. The equation that represents Kevin’s sales is S = 60n-5, where n represents the number of years of employment. Dylan’s sales are displayed in the table below:

Years of Employment (n):
2
6
10
Number of Cars Sold (S)
104
324
544

(n) (S)
2 104
6 324
10 544

Compare the statement below to compare the employees’ rate of change.

greater than, 55, 60, -5, -116, 220, less than, 104, equal to

Kevin’s rate of change is _______. Dylan’s because Kevin sells_______ cars per year employed and Dylan sells ________ cars per year employed.

Answers

Answer:

I been trying to look for that answer for so long but can we help each other at least

Answer:

Step-by-step explanation:

We have  Kevin's sales equation is

[tex]S=60n-5[/tex]

Step 1

Find out Dylan's sales equation

Find the slope

We need two points

We take

[tex](2,104)[/tex] And [tex](6,324)[/tex]

[tex]m=(324-104)/(6-2)[/tex]

[tex]m=\frac{220}{4} \\m=55[/tex]

Find the equation in slope intercept form

[tex]s=mn+b[/tex]

We have

[tex]m=55[/tex]

point [tex](2,104)[/tex]

Substitute and solve for b

[tex]104=55(2)+b\\[/tex]

[tex]b=104-110\\b=-6\\[/tex]

So

[tex]S=55n-6\\[/tex]

Therefore

Kevin's rate of change is 60

Dylan's rate of change is 55

Compare

Kevin's rate of change is greater than Dylan's rate of change because Kevin's sell 60 cars per year and Dylan's sells 55 cars per year.

PLEASE MARK ME AS BRAINLIEST

Which expression uses the associative property to make it easier to evaluate 6(3/2x1/5) ?
A: 6(2/3x1/5
B: 6(1/5x3/2)
C: (3/2x1/5)6
D: (6x3/2)1/5

Answers

I think the answer is B but I’m not sure, sorry if i got it wrong,

have a good day and have a good Christmas

math question ???? help​

Answers

Answer:

a=54

Step-by-step explanation:

EASY

look triangles are 180 degrees

means all 3 sides add to 180

look at 2a and the missing angle they add up to 180

180-(a+10)-44

missing angle is

−a+126

exteriro plus interior angles add up to 180

-a+126+2a=180

solve and simplify

a=54

it takes shonda 2/5 of an hour to dry one load of laundry in her dryer. How many hours will it take her to dry 5 loads of laundry?

Answers

2 hours Step-by-step explanation:

Answer: 2 hours.

Step-by-step explanation:

2/5 hour = one load of laundry

2/5 x 5 = 10/5 = 2 hours.

It will take Shonda 2 hours to dry 5 loads of laundry.

Hope this helps!

Jamal ran a distance of 360 feet. Lonnie ran a distance of 30 yards. What is the ratio of the distance Jamal ran to the distance Lonnie ran?

Answers

The answer is 4:1, if thats right

The ratio of the distance Jamal ran to the distance Lonnie ran is 4:1.

Note that 1 yard = 3 feet

Since Jamal ran a distance of 360 feet, this will be converted to yard and this will be: = 360/3 = 120 yards

Lonnie ran a distance of 30 yards.

Then the ratio of the distance that Jamal ran to the distance Lonnie ran all be: = 120/30 = 4/1 = 4:1

The ratio of the distance is 4:1

Read related link on:

https://brainly.com/question/21806098

Jack use 25% of the memory card on his digital camera while taking pictures at a family reunions if jack took 96 pictures at a family reunions how many pictures can the memory card hold
PLEASE HELP I NEED THIS ANSWERED

Answers

384 I think yessssssssss

y is inversely proportional to the cube of x if y = 7 when x=4 what is y when x is 5

Answers

Answer:

8.75

Step-by-step explanation:

7/4 = 1.75 and ?/5 (5x1.75) = 8.75

Samantha invested $660 into an account that pays 3.5% interest compounded annually . Samantha did not make any additional deposits or withdrawals .
What is the total amount of interest paid by this investment at the end of five years?

A- $115.50
B-$783.87
C-$123.87
$2,755.50

Answers

The amount of money after five years will be $783.87. Then the correct option is B.

What is compound interest?

A loan or deposit's interest is computed using the starting principle and the interest payments from the ago decade as compound interest.

We know that the compound interest is given as

[tex]\rm A = P \left (1 + \dfrac{r}{n} \right ) ^{nt}[/tex]

Where A is the amount, P is the initial amount, r is the rate of interest, and t is the number of years.

Samantha put $660 into a record that pays 3.5% interest accumulated every year. Samantha put aside no extra installments or withdrawals. And for yearly, the value of n will be one. Then the equation is given as,

[tex]\rm A = 660\times (1 + 0.035)^t[/tex]

The total amount of interest paid by this investment at the end of five years will be given as,

A = 660 x (1.035)⁵

A = $660 x 1.1876

A = $783.87

The amount of money after five years will be $783.87. Then the correct option is B.

More about the compound interest link is given below.

https://brainly.com/question/25857212

#SPJ2

Consider the function represented by the equation x – y = 3. What is the equation written in function notation, with x as the independent variable? f(x) = y + 3 f(x) = –y – 3 f(x) = –x + 3 f(x) = x – 3 ANSWER WITHIN 1O MINUTES AND WILL GIVE BRAINLIEST

Answers

Answer:

d

Step-by-step explanation:

Answer:

the answer is D i think.

At fast food restaurant, 90% of the customers’ order hamburger. If 72% of the customer’s order hamburger and French fries, what is the probability that a customer who orders hamburger will also order French fries?

Answers

Answer:

0.8

Step-by-step explanation:

A = hamburger

B = french fries

P(B|A)

P(AB)/P(A)

= 0.72/0.9

= 0.8

Please help with these 3

Answers

Answer:

3) 146 degrees

4) 471 degrees

5) x = 100 and 3x = 300

Step-by-step explanation:

all three are polygons whose sum of all interior angles can be found by using the formula (n - 2)*180 where 'n' refers to the number of sides

In #3 and 5 there are 5 sides, so (5 - 2)*180 = 3(180) giving a total of 540 degrees. Add all known angles and deduct from 540.

#4 has 7 sides, so (7 - 2)*180 = 1260 degrees. Add all known angles and deduct sum from 1260.

#5 Add all integers plus 'x' + '2x' to get 240 + 3x = 540

What is the value of y

Answers

Answer:

y= 1/15.735. y is o.o64 character so one half is your answer

Answer:  27

Step-by-step explanation:

180-153= 27

y=27

Lisa bought 6 rainbow and balloon stickers for her little sister. The rainbow stickers cost 9 cents apiece and the balloon stickers cost 1 cent apiece. If Lisa spent exactly 46 cents, how many of each type of sticker did she buy?

Please help me fast!!

Answers

L

Answer: Liza bought five rainbow stickers and one balloon sticker.
Explanation: nine times five is 45. 45+1=46.

What is the angle measure of angle ABC?​

Answers

Answer:

92°

Step-by-step explanation:

First, find the value of x.

3x + 23 = 4x (corresponding angles are congruent)

Subtract 3x from each side

23 = 4x - 3x

23 = x

x = 23

Angle ABC = 4x

Plug in the value of x

Angle ABC = 4(23)

Angle ABC = 92°

If you know how to do this please help me then will give brainliest

Answers

Answer:

The required equation is:

[tex]y=\mathbf{-0.271}x+\mathbf{13.876}[/tex]

Step-by-step explanation:

We have x = Distance of goal posts

y = field Goals made

The data given is:

x       y

20     9

25      6

30       7

35       4

40       1

45        2

50        1

We need to find the regression equation y = bx + a

Where [tex]b=\frac{SP}{SS_x} \:and\: a=M_y-bM_x[/tex]

Sum of all values of x = 245

Sum of all values of y = 30

Now, calculating mean using formula: [tex]Mean=\frac{Sum\:of\:all|\:values}{Number\:of\:values}[/tex]

Mean of x (Mₓ) = 35

Mean of y ([tex]M_y[/tex]) = 4.28

Sum of squares (SSₓ) = 700

Sum of products (SP) = -190

Now, finding b:

[tex]b=\frac{SP}{SS_x} \\b=\frac{-190}{700}\\b=-0.271[/tex]

Now, finding a:

[tex]a=M_y-bM_x\\a=4.28-(-0.271*35)\\a=13.786[/tex]

So, the required equation is:

[tex]y=\mathbf{-0.271}x+\mathbf{13.876}[/tex]

Find the equation of the line whose slope of 1 over 3 and goes through the point (3, 1)

Answers

Answer: y=3x−12

Step-by-step explanation:

answer:

Y=3x -12


step by step:


Please help me thank you I appreciate it

Answers

Answer:

68°

Step-by-step explanation:

PRQ = SRQ gives:

3x-8 = 2x+6

x = 6+8 = 14

So PRQ = SRQ = 34

and

PRS = PRQ+SRQ = 68

solve the inequality -24<-4m​

Answers

Answer:

m > 6

Step-by-step explanation:

[tex] - 4m > - 24[/tex]

[tex] = > \frac{ - 4m}{ - 4} > \frac{ - 24}{ - 4} [/tex]

[tex] = > m > 6[/tex]

m > 6. Bc you can hello hi is her father

Why might a person donate money to an organization focused on curing a deadly disease?
O To be part of a solution
O To be tax free this year
To satisfy receive discounts at a store
To satisfy a requirement

Answers

Most likely “to be part of a solution”

An integer from 300 through 780, inclusive is to be chosen at random, find the probability that the number is chosen will have 1 as at least one digit.​

Answers

Answer:

93/481

Step-by-step explanation:

Total number of integers from 300 through 780, inclusive:

780 - 299 = 481

Number of integers with at least one of digit 1:

Hundreds - 0,Tens - 5*10 = 50 (31th, 41th, 51th, 61th, 71th)Units - 4*9 + 7 = 43 (300 till 699 and 700 till 780)So in total 50 + 43 = 93

The probability is:

P = favorable outcomes/total outcomes = 93/481

Find the area of this figure 115 ft 2 125 ft 2 60 ft 2 100 ft 2

Answers

Answer:

125

Step-by-step explanation:

divide the Figure into 3 parts

1 st = 5 X 10 =50

2nd = 5×10 =50

3rd = 5×5 = 25

total = 50+50 + 25 = 125

what’s the slope?
a line has the given equation y=-3x-10

Answers

Answer: -3

Step by Step Explanation: This type of equation is called slope-intercept form, y=mx+b; the slope is m, so the slope is -3

Answer: slope= -6.0/2.0= -3.0

Step-by-step explanation:

Slope is defined as the change in y divided by the change in x. We note that for x=0, the value of y is -10.000 and for x=2.000, the value of y is -16.000. So, for a change of 2.000 in x (The change in x is sometimes referred to as "RUN") we get a change of -16.000 - (-10.000) = -6.000 in y. (The change in y is sometimes referred to as "RISE" and the Slope is m = RISE / RUN)

x-intercept = -10/3 = -3.33333

 y-intercept = -10/1 = -10.00000

Which of the following functions is non-linear?
A.y = 2x +1
B.2x- 2y=14
C.(x+2)² = 6
D.y=7

Answers

The one that is non-linear is D
The answer is D. That is the non linear function!

Patterns and functions

Answers

A.
9(1)+4=13
9(2)+4=22
9(3)+4=31
etc
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