An Insurance Company Estimates 45 Percent of Its Claims Have

question 70

Multiple Choice

An insurance company estimates 45 percent of its claims have errors. The insurance company wants to estimate with 99 percent confidence the proportion of claims with errors. What sample size is needed if they wish to be within 5 percent of the actual?

• A) 664
• B) 657
• C) 163
• D) 1084

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Definitions:

Sick Leave

Paid or unpaid time off work granted to an employee due to illness.

Typefaces

Designs of lettering and characters that make up the style and appearance of printed matter or digital text.

Emphasis and Contrast

Techniques used in communication and writing to highlight important points and differences between elements.

Capital Letters

The uppercase letters of the alphabet used to start sentences and proper nouns, indicating importance or beginning.