Examlex
What type of probability distribution will the consulting firm most likely employ to analyze the insurance claims in the following problem?
An insurance company has called a consulting firm to determine if the company has an unusually high number of false insurance claims. It is known that the industry proportion for false claims is 3%. The consulting firm has decided to randomly and independently sample 100 of the company's insurance claims. They believe the number of these 100 that are false will yield the information the company desires.
Unforeseen Tornado
An unexpected and severe weather event characterized by a violently rotating column of air touching the ground.
Lake Craft
Boats or vessels designed for navigation and use on lakes.
Kayak
A slim, pointed watercraft propelled by a double-bladed paddle, traditionally used for hunting and now also for sport and recreation.
Sports Merchandise
Products and apparel related to sports teams or events, sold as collectibles or fan gear.
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