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Insurance Company Records Indicate That 10% of Its Policyholders File

Question 1

Multiple Choice

Insurance company records indicate that 10% of its policyholders file claims
Involving theft or robbery of personal property from their homes. Suppose a random
Sample of 400 policyholders is selected. The probability that the sample proportion of
Policyholders filing claims involving theft or robbery from their homes is less than 8% is


A) .0918
B) .1333
C) .4082
D) .0517
E) .7892

Correct Answer:

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