Each year an insurance company reviews its claim experience, Ask an Expert

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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. Treating these data as a random sample for the population of all possible damage-only policies that could be issued, find a 95% confidence interval for the proportion of at least one claim.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9985562

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