The state insurance commissioner believes that the mean automobile insurance claim filed in her state exceeds $1,700

To test this claim, the agency has selected a random sample of 20 claims and found a sample mean equal to $1,733 and a sample standard deviation equal to $400. They plan to conduct the test using a 0.05 significance level. Given this, the appropriate null and alternative hypotheses are H0 : ? $1,700HA : > $1,700 Indicate whether the statement is true or false

FALSE

Business

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