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.
-What is probability that the sample proportion of policyholders filing claims involving theft or robbery of personal property from their homes exceeds 15%?
A) 99.96%
B) 0.04%
C) 42.07%
D) 57.93%
E) 38.21%
Correct Answer:

Verified
Correct Answer:
Verified
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