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If You Live in California,the Decision to Buy Earthquake Insurance

question 125

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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% of the county residents are protected by earthquake insurance.


Definitions:

OLED TVs

A type of television screen technology that uses organic light-emitting diodes to produce images, known for their high quality in terms of color and brightness.

LCD TVs

Television sets that use Liquid Crystal Display technology to produce images, known for their slim profiles and energy efficiency.

Marginal Rate

The rate at which something changes as an immediate result of a one-unit increase, often used in economics to describe tax rates or production costs.

Transformation

The process of changing or converting something from one form or state to another, often referring to industrial, business, or technological changes.

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