An Insurance Company Evaluates Many Variables About a Person Before

question 100

Multiple Choice

An insurance company evaluates many variables about a person before deciding on an appropriate rate for automobile insurance.A representative from a local insurance agency selected a random sample of 15 insured drivers and recorded the number of claims each made in the last 3 years.Based on this information,which of the following will you construct to learn about the mean number of claims made by the company's customer?

• A)Confidence interval estimate for the mean using the standard normal distribution.
• B)Confidence interval estimate for the mean using the Student's t distribution.
• C)Confidence interval estimate for the proportion using the standard normal distribution.
• D)Confidence interval estimate for the difference between two means using the standard normal distribution.

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