A car insurance company tells its prospective customers that they can save an average of at least $100 per year by switching to their insurance company. Studies reveal that 130 random prospective customers would save an average of $97.50 per year with a standard deviation of $27.50. Is the insurance company's claim believable? Your response should include your decision and conclusion in context of the scenario. Answer in complete sentences and be sure to include all relevant calculations.

A car insurance company tells its prospective customers that they can save an average of at least $100 per year by switching to their insurance company. Studies reveal that 130 random prospective customers would save an average of $97.50 per year with a standard deviation of $27.50. Is the insurance company's claim believable? Your response should include your decision and conclusion in context of the scenario. Answer in complete sentences and be sure to include all relevant calculations.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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