An Insurance Company Estimates 45 Percent of Its Claims Have

question 70

Multiple Choice

An insurance company estimates 45 percent of its claims have errors. The insurance company wants to estimate with 99 percent confidence the proportion of claims with errors. What sample size is needed if they wish to be within 5 percent of the actual?

• A) 664
• B) 657
• C) 163
• D) 1084

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Definitions:

Violent Pre-dispositions

The inherent tendencies or propensities in some individuals to behave violently or aggressively.

Offal Meat

Offal meat refers to the internal organs and entrails of a butchered animal, considered edible by humans.

Group Norm

Shared standards within a group that guide and constrain members' behaviors, reinforcing conformity and group cohesion.

Housewives

Women who manage their households while not being employed outside the home, often taking care of children and performing domestic tasks.