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If You Live in California, the Decision to Buy Earthquake

question 109

Short Answer

If you live in California, the decision to buy earthquake insurance is an important one. A survey revealed that only 133 of 337 randomly selected residences in one California county were protected by earthquake insurance. What is the p-value associated with the test statistic calculated to test the claim that less than 40 percent of the county residents are protected by earthquake insurance?


Definitions:

Fisher's LSD Method

A post-hoc test named after Ronald Fisher, used in statistics to perform multiple comparisons after an ANOVA, determining if there are significant differences between pairs of group means.

Law Schools

Educational institutions specializing in legal studies and preparing individuals for a career in law.

F-Test

A statistical test used to compare the variances of two populations, based on sample data from those populations.

ANOVA

Analysis of Variance, a statistical method used to test differences between two or more means.

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