A Major Insurance Firm Interviewed a Random Sample of 1,200

question 12

Essay

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:
$$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\text { Insurance Preference }\\\begin{array} { | l | c c c | } \hline \text { Gender } & \text { Term } & \text { Whole Life } & \text { No Insurance } \\\hline \text { Female } & 100 & 80 & 325 \\\text { Male } & 160 & 60 & 475 \\\hline\end{array}\end{array}$$ Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.

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Definitions:

Cephalization

Evolutionary trend whereby neurons that detect stimuli and process information become concentrated in the head of a bilateral animal.

Planarian Flatworms

A group of free-living flatworms known for their remarkable regenerative abilities, commonly used in research on regeneration and stem cells.

Hindbrain

The rearmost segment of the brain, including structures such as the cerebellum and medulla oblongata, involved in regulating basic life functions.

Cerebellum

A region of the brain that plays an important role in motor control, and it may also be involved in some cognitive functions such as attention and language as well as in regulating fear and pleasure responses.