The solution should be in R language Problem 3: Insurance adjusters are concerned about the high estimates they are rec
Posted: Wed Nov 24, 2021 9:37 am
The solution should be in R language
Problem 3:
Insurance adjusters are concerned about the high estimates they are
receiving from Bob’s garage. To see if the estimates are
unreasonably high, each of the 10 damaged cars was taken to Bob’s
garage and to another garage, and the estimates (in dollars) were
recorded. Here are the results
You are tasked to determine if Bob’s garage is charging
higher.
a) Formulate this question in terms of null and alternative
hypotheses. (Max 5 sentences)
b) Justify your analysis method. (Max 5 sentences)
c) Then compute the test statistic.
d) What would you conclude? (Max 5 sentences)
Problem 3:
Insurance adjusters are concerned about the high estimates they are
receiving from Bob’s garage. To see if the estimates are
unreasonably high, each of the 10 damaged cars was taken to Bob’s
garage and to another garage, and the estimates (in dollars) were
recorded. Here are the results
You are tasked to determine if Bob’s garage is charging
higher.
a) Formulate this question in terms of null and alternative
hypotheses. (Max 5 sentences)
b) Justify your analysis method. (Max 5 sentences)
c) Then compute the test statistic.
d) What would you conclude? (Max 5 sentences)