based on information from a large insurance company, 67% of all damage liability claims are made by single people under the age of 25. a random sample of 53 claims showed that 42 were made by single people under the age of 25. does this indicate that the insurance claims of single people under the age of 25 is higher than the national percent reported by the large insurance company? give the test statistic and your conclusion.

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30-11-2022
Business

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based on information from a large insurance company, 67% of all damage liability claims are made by single people under the age of 25. a random sample of 53 claims showed that 42 were made by single people under the age of 25. does this indicate that the insurance claims of single people under the age of 25 is higher than the national percent reported by the large insurance company? give the test statistic and your conclusion.

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rafikiedu17 rafikiedu17 · Answer 1 · 2022-12-08T15:55:44+01:00

Primarily based on information from a large insurance employer.

67% of all damage liability claims are made by using people under the age of 25.

Insurance of unmarried people under the age of 25 is higher than the countrywide percentage mentioned by using the insurance employer.

Coverage businesses are economic intermediaries which offer direct coverage or reinsurance services, imparting financial protection from possible hazards in the destiny.

Economics is the observe of shortage and its implications for the use of sources, manufacturing of products and services, increase of manufacturing and welfare through the years, and a super form of different complicated problems of critical difficulty to society.

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