What Type of Probability Distribution Will the Consulting Firm Most

question 191

Multiple Choice

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.

• A)binomial distribution.
• B)Poisson distribution.
• C)hypergeometric distribution.
• D)none of the above.

---

Definitions:

Radical Equation

An equation that features a variable contained within a radical symbol or square root.

Imaginary Unit

A mathematical concept represented by \(i\), used to describe the square root of -1, fundamental in complex number theory.

Standard Form

In mathematics, standard form can refer to a way of writing numbers using the digits 0-9, with each digit having a place value. In the context of linear equations, it refers to Ax + By = C, where A, B, and C are integers.

Complex Numbers

A number that can be expressed in the form a + bi, where a and b are real numbers and i is the imaginary unit, satisfying the equation i^2 = -1.