Question

4. A survey asked which methods played a major role in the risk management strategy of their firms. In a sample of 43 oil companies, 22 indicated that risk transfer played a major role while in a sample of 93 construction companies 55 reported that risk transfer played a major role. Can we conclude at level 5% that the proportion of oil companies that employ the method of that risk transfer played is less than the proportion of construction companies that do?

Answer 1

In this solution some basic concepts of Risk Economics are used. Please refer to any standard textbook for more information or drop a comment below. Don't forget to give a positive rating if solution is helpful.

AX whch 2 0으

9 3

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