Consider the Following to Answer the Question(s) Below

question 31

Short Answer

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.

-Write the null and alternative hypotheses.

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Definitions:

Subsystem

A secondary or subordinate system that is part of a larger system, contributing to the overall function.

Subsystem

A self-contained system within a larger system, with its specific roles and functions contributing to the overall effectiveness.

Diagnostic Plan

A strategic approach formulated by healthcare professionals to identify the nature of an ailment or disease through systematic testing and assessments.

Coping System

The methods and strategies that individuals use to deal with stress, challenges, or trauma.