Question

Consumer Reports gave the following information about annual premiums for a $250,000 annual renewable life insurance policy for both men and women (age 45): Insurance Premiums for Men (in dollars) 4. 637 460 373 521 430 272 360 335 439 453 1 393 Insurance Premiums for Women (in dollars) 427 403 403 390 487 282 388 450 520 500 353 392 Does the information indicate that the average annual premiums for men are different than those for women? Type in your data as follows: First variable is Premiums, second variable is Gender (for this variable you must column for Men and a W for women. Use Analyze-Compare Means - Independent Samples t Test. Fill in the Use a .05. change the Type to String) Type all the numerical data into the first column, then type an M in the Gender Test Variable as Premiums and the Grouping Variable as Gender. Then Define the Groups as M and W

Answer 1