What Type of Probability Distribution Will the Consulting Firm Most

question 80

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 sample100 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)Either of the above
• D)none of the above.

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Definitions:

Categorical Thinking

A cognitive process of organizing information into groups or categories based on shared characteristics.

Repetitive Features

Elements or characteristics that occur again and again within a product, process, or environment.

Intense

Having or showing strong feelings or opinions; extremely earnest or serious.

In Motion

Refers to something that is currently underway, progressing, or being acted upon within a process or activity.