An insurance agent says the standard deviation of the total hospital charge for patients involved in a crash in which the vehicle struck a construction barricade is less than $4100. A random sample of 30 total hospital charges for patients involved in this type of crash has a standard deviation of $5100. At =0:05, can you support the agent s claim? (a) Write the claim mathematically and identify H0 and Ha: (b) Find the critical value(s) and identify the rejection region(s). (c) Find the standardized test statistic. (d) Decide whether to reject or fail to reject the null hypothesis. (e) Interpret the decision in the context of the original claim.
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