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Test Hypotheses About a Population Proportion
-In 2002, the Mean $806\$ 806

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Test Hypotheses about a Population Proportion
-In 2002, the mean expenditure for auto insurance in a certain state was $806\$ 806 . An insurance salesperson in this state believes that the mean expenditure for auto insurance is less today. She obtains a simple random sample of 32 auto insurance policies and determines the mean expenditure to be $781\$ 781 with a standard deviation of $39.13\$ 39.13 . Is there enough evidence to support the claim that the mean expenditure for auto insurance is less than the 2002 amount at the α=0.05\alpha = 0.05 level of significance?

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