Do you try to pad an insurance claim to cover your deductible? About 35% of all...

Do you try to pad an insurance claim to cover your deductible? About 35% of all U.S. adults

try to pad their insurance claim! Suppose that you are the director of an insurance adjustment

office. Your office has just received 150 claims to be processed in the next few days. Rounding to

five decimal places, use the normal approximation to the binomial to determine the probability

that:

a) fewer than 50 of the claims have been padded.

b) more than 70 claims have been padded.

c) between 55 and 60 claims have been padded

Solutions

Expert Solution

orchestra answered 1 year ago

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