As a Step in Establishing Its Rates, an Automobile Insurance

question 70

True/False

As a step in establishing its rates, an automobile insurance company is interested in determining whether there is a difference in the mean highway speeds that drivers of different age groups drive. To help answer this question, it has selected a random sample of drivers in three age categories: under 21, 21-50, and over 50. The engineers then recorded the drivers' speeds at a designated point on a highway in the state. The subjects were unaware that their speed was being recorded. The following one-way ANOVA output was generated from the sample data. Based upon this output, if the significance level is 0.05, the engineers should conclude that the mean speeds may all be equal since the p-value is less than alpha. ANOVA: Single Factor

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Definitions:

Mental Disorders

Conditions characterized by significant disturbances in thoughts, emotions, or behavior, affecting functioning and quality of life.

Genetic

Relating to genes or heredity, and the influence of genes on the physical and behavioral characteristics of organisms.

Biological Defects

Inherent physiological or genetic abnormalities that affect an organism's normal function.

Social Class

A categorization of society according to socio-economic levels.