Use the Following to Answer the Question(s) Below

question 62

Multiple Choice

Use the following to answer the question(s) below.
Insurance company records indicate that 10% of its policyholders file claims involving theft or robbery of personal property from their homes. Suppose a random sample of 400 policyholders is selected.
-What is probability that the sample proportion of policyholders filing claims involving theft or robbery of personal property from their homes exceeds 15%?

• A) 99.96%
• B) 0.04%
• C) 42.07%
• D) 57.93%
• E) 38.21%

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Definitions:

Salesforce Automation

Involves the use of software solutions to automate business tasks of sales, including order processing, contact management, inventory monitoring, customer management, and sales forecast analysis.

Product Training

Education or training programs designed to equip sales staff or users with knowledge about a product's features and benefits.

Proposal Generation

The process of creating a detailed plan or suggestion, typically aimed at solving a problem or seizing an opportunity, presented for consideration or action.

Sales Force Automation

The use of software to automate business tasks of sales, including order processing, contact management, information sharing, inventory monitoring, and sales forecast analysis.