A Particular Insurance Company Wants to Investigate Whether the Gender

question 114

Essay

A particular insurance company wants to investigate whether the gender and age of a client are related. A random sample of 350 clients of this insurance company was taken. $$\begin{array} { | l | c | c | c | } \hline && { \text { Age group } } \\\hline & 25 \text { and under } & \begin{array} { c } \text { Over } 25 \text { and } \\\text { under } 50\end{array} & 50 \text { and over } \\\hline \text { Male } & 35 & 60 & 68 \\\hline \text { Female } & 65 & 80 & 42 \\\hline\end{array}$$ Conduct a test to determine whether gender and age group are independent, using α of 0.01.

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Definitions:

Social Justice

Social justice is the pursuit of fairness and equality in society, advocating for the equitable distribution of wealth, opportunities, and privileges within a community.

Equitable Distribution

A principle used in divorce law for the fair and just division of property between spouses.

Macro Social Environment

The broader societal context in which individuals and organizations operate, encompassing cultural, economic, legal, and political forces.

Political Ideology

A set of ethical ideals, principles, doctrines, myths, or symbols of a social movement, institution, class, or large group that explains how society should work, and offers some political and cultural blueprint for a certain social order.