Examlex

Solved

As a Step in Establishing Its Rates,an Automobile Insurance Company

question 12

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 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


Definitions:

Orange Crop

The orange crop refers to the total yield of oranges produced in a given area within a specific time frame, significant for economies dependent on agriculture and fruit exports.

Fall Frost

A meteorological event characterized by the descent of temperatures to below freezing during the autumn season, which can have significant effects on agriculture by ending the growing season.

Orange Crop

The total production of oranges within a given area or from a specific farm or orchard.

Winter Parkas

Heavy jackets designed for cold weather, typically insulated for warmth and often water-resistant.

Related Questions