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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An individual or entity that has been granted the right to use, operate under, or engage in activities protected by another's intellectual property rights.

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Individuals who enter or remain on a property without the permission or legal right to do so.

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Approval legal definied by the owner or holder of property for another party to use or occupy that property.

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