An insurance company selected a sample of 50 auto claims filed with it and investigated those claims

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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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Introductory Statistics

ISBN: 9780470904107

8th Edition

Authors: Prem S. Mann

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Question Posted: Aug 25, 2015 08:07 AM

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An insurance company selected a sample of 50 auto claims filed with it and investigated those claims

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n 50 p 12 60 q 1 p 1 12 88 and s p pqn 128850 04595650 a ...View the full answer

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