An Insurance Analyst Working for a Car Insurance Company Would

question 82

Multiple Choice

An insurance analyst working for a car insurance company would like to determine the proportion of accident claims covered by the company.A random sample of 240 claims shows that the insurance company covered 90 accident claims while 150 claims were not covered.Use a confidence interval of 95% and determine the margin of error.

• A)01513
• B)03125
• C)06125
• D)02965

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Definitions:

Coercive Power

Power that is derived from the ability to punish or penalize others, often used as a means to achieve compliance or control.

Reward Power

The capacity to influence others by providing or withholding desired outcomes.

Information Power

A form of power that comes from access to, control over, and distribution of information.

Legitimate Power

The authority that a person possesses as a result of their position in an organization's hierarchy.