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What Type of Probability Distribution Will the Consulting Firm Most

question 191

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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.


Definitions:

Controlling Activities

Activities or actions aimed at influencing or dictating the behavior or decisions of others.

Fetishistic Behavior

Engaging in sexual fantasies, practices, or objects that are non-living items or non-genital body parts for sexual gratification.

Sexual Arousal

The physiological and psychological state of excitement and readiness for sexual activity, characterized by responses such as increased heart rate, blood flow, and lubrication.

Fetishism

involves sexual fixation on a non-living object or a specific body part not typically associated with sexual activity.

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