Question

An actuary of an insurance company wants to know wheter the amount of the claim for the furniture is higher than the median of the previous claims($85), and randomly sample 18 samples. the claim amount is as followers:

140 92 35 202 80 87 80 100 47 25 160 68 50 65 310 90 75 120

Is there any evidence show that the amount of claims has rise significantly

a=0.05

Answer 1

TOPIC:One sample t-test for the population mean.