Consider the Following to Answer the Question(s) Below

question 34

Multiple Choice

Consider the following to answer the question(s) below:
Insurance companies track life expectancy information to assist in determining the cost of life insurance policies. Last year the average life expectancy of all policyholders was 77 years. ABI Insurance wants to determine if their clients now have a longer life expectancy, on average, so they randomly sample some of their recently paid policies. The insurance company will only change their premium structure if there is evidence that people who buy their policies are living longer than before. The sample has a mean of 78.6 years and a standard deviation of 4.48 years.

-The P-value associated with the test statistic is

• A) 0.025.
• B) 0.228.
• C) 0.01.
• D) 0.05.
• E) 0.063.

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Definitions:

Mobile Computing

Refers to the use of portable computing devices, such as smartphones and tablets, in conjunction with mobile communication technologies to enable users to access the internet, networks, and applications while on the move.

Mobile Commerce

The buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.

Project Fi

A telecommunications service by Google that provides voice and data plans across Wi-Fi and cellular networks by forming partnerships with multiple mobile carriers.

Wi-Fi Services

Wireless networking technologies that provide internet access and communications over short distances without the need for physical connections.