Alternative hypothesis for casualty insuarance company

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Reference no: EM13110322

The records of a casualty insurance company show that, in the past, its clients have had a mean of 1.8 auto accidents per day with a variance of 0.0016. The actuaries of the company claim that the variance of the number of accidents per day is no longer equal to 0.0016. Suppose that we want to carry out a hypothesis test to see if there is support for the actuaries' claim. State the null hypothesis H0 and the alternative hypothesis H1 that we would use for this test.

Reference no: EM13110322

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