To avoid potential litigation for false advertising, they select a random sample of 50 policyholders and compare their premiums to those of their closest competitor.
What is competitor?
Ingredients are the parts that make up a combination. For instance, recipes list the ingredients needed to make a certain food when cooking. Many commercial products purportedly employ hidden components to outperform competitors' goods.
The accompanying data file shows the results about Excel and find the test statistic and the p-value.
The policyholders is the person who buys the insurance policy and the policyholders can change the policy. The policyholder is responsible for creating sure premium payments are up-to-date.
So, the marketing department at Insure-me, a large insurance company, wants to advertise that customers can save, on average, more than $100 on their annual automotive insurance policies by switching their policies to Insure-me. To determine it, the Excel and test static value is important.
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