An Insurance Analyst Working for a Car Insurance Company Would

question 108

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 200 claims shows that the insurance company covered 80 accident claims and did not cover 120 claims. Construct a 90 percent confidence interval estimate of the true proportion of claims covered by the insurance company.

• A) [.356, .444]
• B) [.360, .440]
• C) [.372, .428]
• D) [.343, .457]

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Definitions:

Passive Resignation

An attitude of helplessness in which individuals give up trying to cope with threats or to achieve goals because they believe that no action of theirs can be fruitful.

Social Pecking Order

The hierarchical system of social organization within a group, in which individuals are ranked in terms of dominance and subordination.

Viral Infections

Diseases caused by viruses, microscopic organisms that can lead to various illnesses, from the common cold to more severe diseases.

Perceived Control

The belief or feeling that one can influence the events in their life and the outcomes of situations they are in.