An Insurance Analyst Working for a Car Insurance Company Would

question 139

Multiple Choice

An insurance analyst working for a car insurance company would like to determine the proportion of accident claims covered by the company. A random sample of 240 claims shows that the insurance company covered 90 accident claims, while 150 claims were not covered. Use a confidence interval of 95 percent and determine the margin of error.

• A) .01513
• B) .03125
• C) .06125
• D) .02965

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Definitions:

Bobo Doll Studies

A series of experiments conducted by Albert Bandura that demonstrated that children could learn aggressive behaviors through the observation of adult models.

Aggressive

Behavior characterized by assertiveness, hostility, and possibly harm towards others, stemming from various motivational or environmental factors.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, coined by B.F. Skinner.

Modeling

is the process of learning behavior by observing and imitating others, especially those considered as role models.