A Major Insurance Firm Interviewed a Random Sample of 1500

question 25

Essay

A major insurance firm interviewed a random sample of 1500 college students to find out the type of life insurance preferred, if any. The results follow: $$\begin{array} { | l | c | c | c | } \hline & { \text { Insurance Preference } } \\\hline \text { Gender } & \text { Term } & \text { Whole life } & \text { No insurance } \\\hline \text { Female } & 170 & 110 & 470 \\\hline \text { Male } & 195 & 75 & 480 \\\hline\end{array}$$ Is there evidence that the life insurance preference of male students is different to that of female students? Test using the 5% level of significance.

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Definitions:

Nurseries

Facilities or spaces where young plants and trees are cultivated and grown before being transplanted to their final location.

Jane Addams

An American social reformer and pacifist, co-founder of Hull House in Chicago, and leader in women's suffrage and world peace, who was awarded the Nobel Peace Prize in 1931.

Female Suffrage

The right of women to vote in elections; a significant issue in the women's rights movement.

Humanizing Impact

The effect of making something more humane or considerate towards human welfare and dignity.