Pearsons Correlation Coefficients

n(xy)-(x)(y)
{(nx2) - (x2)} {(ny2) - (y2)}

r=

H0: Age of the customer affects choice of the health insurance and premium associated with it
H1: Age of the customer does not affect choice of the health insurance and premium associated with it
Age Group
20
20
20
20
20
20
20
20
20
33
33
20
33
20
33
20
20
20
33
20
20
20
20
20
33
20
33
33
33
20
33
33
33
50
33
20
33

Premium
Response
5
3
5
4
5
4
5
3
1
5
5
5
5
5
2
3
4
4
3
5
5
3
4
4
3
4
4
5
4
3
4
5
5
5
5
5
3

XY

X2

Y2

100
60
100
80
100
80
100
60
20
165
165
100
165
100
66
60
80
80
99
100
100
60
80
80
99
80
132
165
132
60
132
165
165
250
165
100
99

400
400
400
400
400
400
400
400
400
1089
1089
400
1089
400
1089
400
400
400
1089
400
400
400
400
400
1089
400
1089
1089
1089
400
1089
1089
1089
2500
1089
400
1089

25
9
25
16
25
16
25
9
1
25
25
25
25
25
4
9
16
16
9
25
25
9
16
16
9
16
16
25
16
9
16
25
25
25
25
25
9

33
33
33
20
33

5
4
5
5
5

165
132
165
100
165

1089
1089
1089
400
1089

25
16
25
25
25

1104
n=

176
42

4671

31302

778

r=

0.1471073

The corelation obtained is weak positive

Hence we conclude that there is a relation between age and premium amount but very weak

nsurance and premium associated with it

health insurance and premium associated with it

H0: Income the customer affects choice of the health in

H1: Income the customer does not affect choice of the h
Income
1.5
1.5
8.5
10
1.5
1.5
1.5
1.5
1.5
6
1.5
1.5
1.5
6
6
4
1.5
10
6
10
1.5
1.5
4
6
8.5
4
4
4
6
1.5
1.5
4
1.5
8.5
8.5
6
4

Premium
Response
5
5
4
5
4
5
3
1
5
5
5
5
5
2
3
4
4
3
4
4
3
4
4
5
4
4
5
5
5
5
5
3
5
4
5
5
5

XY
7.5
7.5
34
50
6
7.5
4.5
1.5
7.5
30
7.5
7.5
7.5
12
18
16
6
30
24
40
4.5
6
16
30
34
16
20
20
30
7.5
7.5
12
7.5
34
42.5
30
20

ge and premium amount but very weak

158
n=

157
37

662

r=

-0.08062

The corelation obtained is weak negative

Hence we conclude that there is no relation between Inc

fects choice of the health insurance and premium associated with it

oes not affect choice of the health insurance and premium associated with it
X2

Y2

2.25
2.25
72.25
100
2.25
2.25
2.25
2.25
2.25
36
2.25
2.25
2.25
36
36
16
2.25
100
36
100
2.25
2.25
16
36
72.25
16
16
16
36
2.25
2.25
16
2.25
72.25
72.25
36
16

25
25
16
25
16
25
9
1
25
25
25
25
25
4
9
16
16
9
16
16
9
16
16
25
16
16
25
25
25
25
25
9
25
16
25
25
25

989

701

weak negative
re is no relation between Income and premium amount

H0: Information channels do not have significant roles in the coverage of health insurance schemes in India.
H1: Information channels do have significant roles in the coverage of health insurance schemes in India.

Information channel

No. of respodents

expected
Advertisement
Financial Advisor
Newspaper / Website

7
9
3

6.5
6.5
6.5

Friend's Recommendations

6.5

X2=(fo-fe)^2/fe
0.04
0.96
1.88

Total
Dof=(4-1) = 3

0.04
2.92

7.815 (table)

@ .05 significance
observed

2.92

Since calculated value is less than the tabulated value we do not reject hypothesis
Therefore we conclude that Information Channel does not influences Health Insurance Purchase

ance schemes in India.

e schemes in India.

nce Purchase

Hypothesis 4:
H0: Perception related to claim settlement policy does not affect decision.
H1: Perception related to claim settlement policy affects decision.
Expected frequency = (Row Total) x (Coloumn Total)/ Grand Total
fo
Response
Claim Settlement
Other
Total

fe

fo

5 Very Imp

28
14
42

8.4
33.6

42

fe
fo
fe
fo
fe
fo
fe
4
3
2
1 Least Imp
9.2
9
8.8
8.4
9
4
0
1
33 36.8
38
42
41
36
35.2
33.6
46
46
45
45
44
44
42
42

X =(fo-fe)^2/fe
Claim Settlement
Other

45.73
11.43

0.004
0.392

2.778
0.111

X2 calc =

78.71

Tabulated
dof =(2-1) x (5-1) = 4
with level of significance of 90%

15.09

8.8
1.314

Therefore we reject the hypothesis H0

Perception related to claim settlement policy does affect decision.

6.519
1.63

fo

fe
Total
42
168
210

43.8
175.2