Question

An insurance company’s procedure for settling a claim under $10,000 for fire or water damage to a home owner is to require two estimates for cleanup and repair of structural damage before allowing the insured to proceed with the work. The insurance company compares estimate from two contractors who most frequently handle this type of work in this geographical area. Assume the contractor estimates are normally distributed.
At the 5% level of significance, is there a difference between the two contractors?

Answer 1

Answer:

no. both companies need to keep strong insurance just incase of an emergency or a customber has a question.

Explanation: