Ten Policyholders File Claims with CareFree Insurance

question 36

Multiple Choice

Ten policyholders file claims with CareFree Insurance.Three of these claims are fraudulent.Claims manager Earl Evans randomly selects three of the ten claims for thorough investigation.If x represents the number of fraudulent claims in Earl's sample, P(x=1) is _______________.

• A)0.5250
• B)0.4410
• C)0.3000
• D)0.6957
• E)0.9957

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Definitions:

Reverse Auction

A type of auction in which sellers bid to provide goods or services to a buyer, and prices typically decrease as vendors compete.

Virtual

Referring to something that is not physically existing but made by software to appear to do so.

Online

Connected to or available through the internet or another computer network.

HR Technology Platform

Digital solutions that automate and facilitate managing human resource functions, including recruitment, payroll, performance management, and employee engagement.