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:

Standardized

Conforming to a uniform style, size, or quality, often to facilitate consistency and interoperability across different uses or applications.

Quality Standards

Set guidelines and criteria established to ensure that products, services, and processes meet specific requirements and are reliable, safe, and efficient.