An insurance company has the business objective of reducing the amount of time

| August 30, 2017

uestion
An insurance company has the business objective of reducing the amount of time it takes to approve applications for life insurance. The ability to deliver approved policies to customers in a timely manner is critical to the profitability of this service. You want to test whether the mean processing time was 45 days.

Suppose you decide to reject the null hypothesis based on the p-value of the evidence obtained. Your conclusion should be that__________

A. there is insufficient evidence that the mean processing time was 45 days.

B. there is insufficient evidence that the mean processing time was not 45 days.

C. there is sufficient evidence that the mean processing time was 45 days.

D. there is sufficient evidence that the mean processing time was not 45 days.

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