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Life Insurance Narrative an Insurance Company Wants to Test the Hypothesis That the Hypothesis

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Life Insurance Narrative
An insurance company wants to test the hypothesis that the mean amount of life insurance held by professional men equals that held by professional women. Accordingly, two independent simple random samples are taken from appropriate professional listings of men and women. The sample of 200 men reveals a mean amount of $140,000 with a standard deviation of $26,000. The sample of 400 women shows a mean amount of $128,000 with a standard deviation of $3,000.
-Refer to Life Insurance Narrative. Explain how to use the 95% confidence interval for Life Insurance Narrative An insurance company wants to test the hypothesis that the mean amount of life insurance held by professional men equals that held by professional women. Accordingly, two independent simple random samples are taken from appropriate professional listings of men and women. The sample of 200 men reveals a mean amount of $140,000 with a standard deviation of $26,000. The sample of 400 women shows a mean amount of $128,000 with a standard deviation of $3,000. -Refer to Life Insurance Narrative. Explain how to use the 95% confidence interval for to test the appropriate hypotheses at = 0.05. to test the appropriate hypotheses at Life Insurance Narrative An insurance company wants to test the hypothesis that the mean amount of life insurance held by professional men equals that held by professional women. Accordingly, two independent simple random samples are taken from appropriate professional listings of men and women. The sample of 200 men reveals a mean amount of $140,000 with a standard deviation of $26,000. The sample of 400 women shows a mean amount of $128,000 with a standard deviation of $3,000. -Refer to Life Insurance Narrative. Explain how to use the 95% confidence interval for to test the appropriate hypotheses at = 0.05. = 0.05.

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