One Hundred Policyholders File Claims with CareFree Insurance

question 94

Multiple Choice

One hundred policyholders file claims with CareFree Insurance.Ten of these claims are fraudulent.Claims manager Earl Evans randomly selects four of the one hundred claims for thorough investigation.If x represents the number of fraudulent claims in Earl's sample, x has a ______________ distribution.

• A)continuous
• B)normal
• C)binomial
• D)hypergeometric
• E)exponential

Grasp the concept, significance, and applications of haptic technologies in business.

Analyze the advantages and disadvantages of written communication channels.

Identify the critical factors in choosing a communication medium.

Recognize the benefits of using visual messages in cross-cultural communications.

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Definitions:

Lurking Variables

Unobserved variables that influence the relationship between the independent and dependent variables in an analysis.

Rate of Depression

The frequency or proportion of individuals in a given population experiencing depression during a specific time frame.

Income

The money received by a person or organization, typically on a regular basis, for work, through investments, or from other sources.

Lurking Variables

Unobserved variables that influence the relationship between the variables of interest in a study, potentially leading to misleading conclusions.