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:

Social Loafing

A phenomenon wherein people put forth less effort when they work in teams than when they work alone.

Supporting Evidence

Information or facts provided to support or validate a claim, theory, or argument.

Negotiation Process

A methodical approach to reaching a mutually acceptable agreement between two or more parties, involving communication and compromise.

Formal Agreement

A legally binding contract or arrangement between two or more parties that is documented and enforceable by law.