What Type of Probability Distribution Will the Consulting Firm Most

question 113

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 ESQ insurance claims.It is known that the industry proportion for ESQ 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 ESQ will yield the information the company desires.

• A)Binomial distribution
• B)Poisson distribution
• C)Hypergeometric distribution
• D)None of the above.

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Definitions:

Cultural Values

The core principles and standards of conduct that are regarded as important by a cultural group.

Poussaint

Poussaint refers to Alvin Poussaint, a notable psychiatrist known for his work in the field of mental health and African American issues.

Lewin

A reference to Kurt Lewin, a pioneering psychologist known for his work in group dynamics, organizational development, and social change.

Racism

The belief in the superiority of one race over another, which often results in discrimination and prejudice towards people based on their race or ethnicity.