Use the Following to Answer the Question(s) Below

question 24

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.
-The probability that the sample proportion of policyholders filing claims involving theft or robbery of personal property from their homes is less than 8% is

• A) 0.0918.
• B) 0.1333.
• C) 0.4082.
• D) 0.0517.
• E) 0.7892.

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Definitions:

1990s

A decade known for significant technological advancements, globalization, and cultural shifts that influenced various aspects of society, including leadership and management practices.

1960s

A decade of significant social, political, and cultural change, marked by movements for civil rights, freedom of expression, and innovation in arts and sciences.

Team Leadership Model

A framework for understanding how leadership can effectively influence team dynamics, performance, and goal achievement.

Complexity

A characteristic of systems, organizations, or problems that have multiple components which interact in various and unpredictable ways, making them difficult to understand or manage.