A major insurance firm interviewed a random sample of 1,200 college students to find out the type of life insurance preferred, if any.The results follow:
Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.
Definitions:
Ugandan Consumers
Individuals and households in Uganda that buy goods and services for personal use.
Coffee
A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.
Domestic Price
The price of goods or services within a country, unaffected by international market prices or exchange rates.
World Price
The global market price of a commodity, determined by supply and demand in the international market.
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