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The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.7 auto accidents per day with a variance of 0.0036 . The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0036 . Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H, and the alternative hypothesis H, that we would use for this test. Ho: 0 H1: 0

The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.7 auto accidents per day with a variance of 0.0036 . The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0036 . Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H, and the alternative hypothesis H, that we would use for this test. Ho: 0 H1: 0

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
Problem 6CR
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The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.7 auto accidents per day with a variance of 0.0036 . The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0036 . Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H, and the alternative hypothesis H, that we would use for this test. Но: ‑ H1: 0 O<O OSO D=D
Transcribed Image Text:The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.7 auto accidents per day with a variance of 0.0036 . The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0036 . Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H, and the alternative hypothesis H, that we would use for this test. Но: ‑ H1: 0 O<O OSO D=D
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