An Insurance Representative Wants to Determine If the Proportions of Women

question 51

Multiple Choice

An insurance representative wants to determine if the proportions of women and men who buy different policy types are the same.The actual sales results for 50 women and 50 men
Are:
Under the null hypothesis, what is the expected number of men who would buy Policy B?

• A)25
• B)30
• C)35
• D)50

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Definitions:

X

Commonly used as a variable or unknown quantity in mathematics and algebra.

List Price

The manufacturer's suggested retail price that a product should be sold for.

Discounted

A reduced price or value, often as an incentive for purchase, representing a deduction from the usual cost of goods or services.

Discount Rate

The interest rate used to discount future cash flows to their present value.