Read the article titled Auto Insurance Costs Where Does Your

Read the article titled, “Auto Insurance Costs: Where Does Your State Rank?” Be prepared to discuss. https://www.cbsnews.com/news/auto-insurance-costs-where-does-your-state-rank/ Please respond to one (1) of the following two (2) bulleted items: • From the activity, the table shows Average Insurance Costs by State. Select two (2) states that are of interest to you. Next, speculate on three (3) possible reasons why the states you have chosen would have a difference in average insurance costs. • From the activity, select ten (10) states and calculate the mean and standard deviation for average insurance costs. Next, calculate the mean and standard deviation for average insurance costs for all 51 states (including Washington, D.C.). Compare and contrast the means and standard deviations for the ten (10) states you selected and all 51 states.

Solution

The question says respond to one of the two: This is answer to first.

Consider the Michigan ($2,541) and the South Carolina ($1,095).

Three possible reasons: