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Acasa Insurance Company offers two plans for home insurance. Plan A has a $750 yearly premium with a $3,000 deductible. Plan B has a $1,200 yearly premium with a $1,000 deductible. Last year, 20% of all policyholders made damage claims. The average claim amount was $6,500.
The expected value per claim for every customer who chooses plan B is $_. The expected value per claim for every customer who chooses plan A is $_.
Fill in the blanks.
Biology and Environmental Science Tourism officials in Palm Beach County, Florida, claim that the mean diameter of sand dollars found on Delray Beach is 4.25.
In a survey about satisfaction with local phone service, those respondents who rated their current service as excellent and those who rated it Poor-Very Poor were asked to classify their current local service provider. The results are given in the..
70% of the girls surveyed had used an online social network, compared to 54% of the boys. What does it mean to say that the difference in proportions is significant?
A directed line segment in the plane can be represented as a pair of vectors -- the vector running from the origin to the start-point of the segment, and the vector running from the origin to the end-point of the segment. Use your vector represent..
Projection are form the U.S. National Center for Education Statistics>. Create a multiple bar graph of data, and then explain any trends.
Determine how large a sample should be taken to be 90% confident that the sample mean is within 0.12 ounces of the true mean weight of our bakery's loaves.
One question that I have is: Will these sample statistics accurately estimate the purchasing habits of all our customers? Can you share some of your thoughts on that question? Why or why not?
Test at a = .10 if there is a significant difference in daily milk consumption at home and in Canada.
If there is evidence that percentage of polished lenses that contain surface defects does not exceed 2%. A random sample of 240 lenses contains 5 defective lenses.
Reject the null hypothesis that there is no difference between the on-the-job anxiety of FIRST and THIRD shift police officers based on a one-tailed negative te
Acme plumbing supply just received a shipment of 5,000 stainless steel valves, but 50 regular steel valves were also sent. There is no way to tell the difference between the valves.
When traveling, some motorists assume that a restaurant has good food and reasonable prices if there are a lot of trucks parked outside. What other observed characteristics of a restaurant might a traveler use in deciding whether to stop and eat?
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