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Author Question: An insurance company's procedure for settling a claim under $10,000 for fire or water damage to a ... (Read 506 times)

bclement10

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on: Apr 14, 2020
An insurance company's procedure for settling a claim under $10,000 for fire or water damage to a home is to require two estimates for cleanup and repair of structural damage before allowing the insured to proceed with the work. The insurance company compared the estimates from two contractors on 38 jobs in the region. The insurance company is interested in knowing if the contractors typically produce different estimates for the projects. Assume that all conditions for testing have been met.


Choose the correct null and alternative hypotheses.
◦ H0: The median difference in estimated cost is 0
Ha : The median difference in estimated cost is not 0
◦ H0: The median difference in estimated cost is 500
Ha : The median difference in estimated cost is not 500
◦ H0: The median difference in estimated cost is not 500
Ha : The median difference in estimated cost is 500
◦ H0: The median difference in estimated cost is not 0
Ha : The median difference in estimated cost is 0
Introductory Statistics: Exploring the World Through Data ¦ Gould, Ryan ¦ 2nd Edition
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Marked as best answer by bclement10 on Apr 14, 2020

blazinlyss

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Reply #1 on: Apr 14, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Isabella West

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Reply #2 on: Dec 21, 2020
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t3r4h byt3

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Reply #3 on: Mar 19, 2022
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