You are a manager working for an insurance discussion help

You are a manager working for an insurance discussion help

You are a manager working for an insurance

company. Your job entails processing individual claims filed by

policyholders. In general, most claims are relatively minor, costwise,

but a few are quite expensive. Each quarter, you compile a report

summarizing key claims statistics that includes the number of claims

submitted, the mean cost per claim, the median cost per claim, the

proportion of claims being litigated, the number of emergency

procedures, the proportion of men versus women, and the average age of

claimants. Your measures are computed separately for the southern and

northern regions, and you are interested in determining whether or not

there are statistically significant differences between the two regions

on each of the aforementioned measures.

  • Evaluate which comparisons would require the use of the t-test and which would use the chi-squared test.
  • Explain your answers. Support your discussion with relevant examples, research, and rationale. 500 words