Question: An insurance company selected a sample of 50 auto claims

An insurance company selected a sample of 50 auto claims filed with it and investigated those claims carefully. The company found that 12% of those claims were fraudulent.
a. What is the point estimate of the percentage of all auto claims filed with this company that are fraudulent?
b. Make a 99% confidence interval for the percentage of all auto claims filed with this company that are fraudulent.

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  • CreatedAugust 25, 2015
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