An insurance executive asserts that themean amount paid by his firm for personalinjury resulting from personal accidents isP18,500. An actuary wants to check theaccuracy of this assertion and is allowed tosample randomly 36 cases involvingpersonal injury. The sample mean isP19,415. Assuming that o = P2,600, testthe executive belief with level ofsignificance of 0.05.

Given Xbar=19415 σ=2600 Level of significance=0.05 µ=18500

hean amount paid by his firm for person- njury resulting from personal accidents 18,500. An actuary wants to check th ccuracy of this assertion and is allowed ample randomly 36 cases involvir ersonal injury. The sample mean 19,415. Assuming that o = P2,600, te e executive belief with level ignificance of 0.05

hean amount paid by his firm for person- njury resulting from personal accidents 18,500. An actuary wants to check th ccuracy of this assertion and is allowed ample randomly 36 cases involvir ersonal injury. The sample mean 19,415. Assuming that o = P2,600, te e executive belief with level ignificance of 0.05

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 30PPS

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