Solved

Use the Following to Answer the Question(s) Below

Question 24

Multiple Choice

Use the following to answer the question(s) below.
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 of personal property from their homes is less than 8% is


A) 0.0918.
B) 0.1333.
C) 0.4082.
D) 0.0517.
E) 0.7892.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions