A major insurance firm interviewed a random sample of 1,200 college students to find out the type of life insurance preferred,if any.The results follow: 
Is there evidence that life insurance preference of male students is different than that of female students? Test using the 5% level of significance.
Definitions:
Expectations Theory
A theory in finance which suggests that the yields on long-term bonds will equal the average of short-term interest rates expected in the future, adjusted for a risk premium.
Rational Expectations
The theory suggesting that individuals form forecasts about the future based on all available information.
Critics
Individuals or groups that express disagreement or disapproval towards certain ideas, policies, or works, often seeking to present alternative viewpoints.
Great Recession
A significant global economic downturn that occurred from late 2007 through mid-2009, recognized as the most severe since the Great Depression.
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