Problem 1 An insurance company is reviewing its current policy rates.

When originally setting the rates they believed that are concerned that the true mean is actually higher than this, because they could potentially lose a lot of money. They ran mean of $1,950. Assuming that the standard deviation of claims is $500, and set = .05, test to see if the insurance compa

Problem 2 Trying to encourage people to stop driving to campus, the university claims that on average it takes people 30 student doesnt think it takes so long to find a spot. In fact he has a sample of the last five times he drove to campus, and takes to find a parking spot is normal, and that = 6 minutes, then perform a hypothesis test with level = .10 to see if hi

Problem 3 A sample of 40 sales receipts from a grocery store has x = $137 and = $30.2. Use these values to test whethe are different from $150. = .05

Problem 4 A manufacturer claims that his production plant can manufacture more than 34 units per day. To check his clai follows: Day Units produced per day 1 34 2 36 3 38 4 33 5 34 6 35 7 37 8 36 9 37 Check the claim of manufacturer at 95% confidence interval.

Problem 5 The CEO of a large electric utility claims that at least 80% of his 1,000,000 customers are very satisfied with the local newspaper surveyed 100 customers, using simple random sampling. Among the sampled customers, 73 percent say findings, can we reject the CEO's hypothesis that at least 80% of the customers are very satisfied? Use a 0.05 level of signi

tting the rates they believed that the average claim amount was $1,800. They ally lose a lot of money. They randomly select 40 claims, and calculate a sample test to see if the insurance company should be concerned.

at on average it takes people 30 minutes to find a parking space on campus. A e times he drove to campus, and he calculated x = 20. Assuming that the time it test with level = .10 to see if his claim is correct.

. Use these values to test whether or not the mean sales at the grocery store

34 units per day. To check his claim 9 observations were taken and they are as

omers are very satisfied with the service they receive. To test this claim, the mpled customers, 73 percent say they are very satisfied. Based on these atisfied? Use a 0.05 level of significance.