- Insurance Companies Generally Believe That Younger Drivers Have More Accidents And Should Be Charge Higher Insurance Pre 1 (30.18 KiB) Viewed 90 times
Insurance companies generally believe that younger drivers have more accidents and should be charge higher insurance pre
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Insurance companies generally believe that younger drivers have more accidents and should be charge higher insurance pre
Insurance companies generally believe that younger drivers have more accidents and should be charge higher insurance premium. A sample of 1200 policyholders revealed the followig breakdown on whether a claim had been filed in the last 3 years and the age of the policyholders. Is it reasonable to conclude that there is a relationship between the age of the policyholders and whether or not the person filed a claim? Use the .02 significance level. (15 points) Age Group No Claim Claim 16-25 160 75 50 50 200 25 1000 200 25-40 40-55 255 Total 240 400