If You Live in California,the Decision to Buy Earthquake Insurance

question 77

Short Answer

If you live in California,the decision to buy earthquake insurance is an important one.A survey revealed that only 133 of 337 randomly selected residences in one California county were protected by earthquake insurance.Calculate the appropriate test statistic to test the claim that less than 40 percent of the residents in the county are protected by earthquake insurance.

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Definitions:

Marketers

Individuals or companies that promote and sell products or services to consumers.

Consultant

A professional who provides expert advice in a particular area such as business, education, law, or technology.

Cupcake Shop

A specialized retail outlet that focuses on the production and sale of cupcakes, often featuring a wide variety of flavors and designs.

Successful

Achieving desired goals and outcomes, marked by accomplishments that fulfill intended purposes or objectives.