Each year, an insurance company reviews its claim experience in order to set future rates. Regarding their damage-only automobile insurance policies, at least one claim was made on 2073 of the 12,299 policies in effect for the year. Treat these data as a random sample for the population of all possible damage-only policies that could be issued.
(a) Test, at level α = .05, the null hypothesis that the probability of at least one claim is 0.16 versus a two-sided alternative.
(b) Calculate the P-value and comment on the strength of evidence.