Find probability that half-more of claims have been padded, Basic Statistics

+44 141 628 6080
[email protected]

Find probability that half-more of claims have been padded

40% of all US adults try to pad their auto insurance claims to cover their deductible. Your office has just received 128 in insurance claims to be processed in the next few days. What is the probability that half or more of the claims have been padded? Round your answer to the nearest thousandths place. Using the information from above, what is the probability that fewer than 45 of the claims have been padded?

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find probability that half-more of claims have been padded

Reference No:- TGS0111438

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Basic Statistics

Q : Find population standard deviation for random sample

Suppose a random sample of size 36 is drawn from a population with a mean of 278. If 86% of the time the sample mean is less than 280, what is the population standard deviation?

Q : Discuss the employee rights under the osh act

Describe and discuss the employee rights under the OSH Act and its implementing regulations.

Q : Newly designed type of sandal

Assume that you and your brother plan to open a business that will make and sell a newly designed type of sandal. Two robotic machines are available to make the sandals, Machine A and Machine B. The price per pair will be $19.50 regardless of whic

Q : Variance of the number of credit cards

On the first day of class last semester, 10 sutdents were asked about the number of credit cards in their wallet. The resulting data were summarized in the following frequency table:FInd the variance of the number of credit cards.

Q : Find probability that half-more of claims have been padded

What is the probability that half or more of the claims have been padded? Round your answer to the nearest thousandths place.

Q : Bob believes that he has come up with a nifty hash function

Bob believes that he has come up with a nifty hash function. He assigns a numeric value VChar to each letter in the alphabet equal to the letter's position in the alphabet, i.e., VA = 1, VB = 2, ..., VZ = 26. For a message, he calculates the hash val

Q : Ingest large molecules such as lipid

When we ingest large molecules such as lipids, carbohydrates and proteins they must undergo catabolic reactions whereby enzymes split these molecules. This series of reaction is called ?

Q : What is the geometric mean annual percent increase

The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 5725 in 1999 to 7977 in 2009. What is the geometric mean annual percent increase in the number of funds?

Q : Who is ultimately responsible for managing a technology

Who is ultimately responsible for managing a technology? who is responsible for enforcing policy that affects the use of a technology.

1948120

Questions
Asked

3,689

Active Tutors

1442947

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find probability that half-more of claims have been padded

Reference No:- TGS0111438

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Find population standard deviation for random sample

Q : Discuss the employee rights under the osh act

Q : Newly designed type of sandal

Q : Variance of the number of credit cards

Q : Find probability that half-more of claims have been padded

Q : Bob believes that he has come up with a nifty hash function

Q : Ingest large molecules such as lipid

Q : What is the geometric mean annual percent increase

Q : Who is ultimately responsible for managing a technology

Nurse is caring for a client who has a pneumothorax

What are the potential consequences of overusing antibiotics

What is the purpose of the uhdds definitions

What is the responsibility of coding professionals

Review the performance measures under each hedis domain

Caring for a client who has sickle cell disease

Which intervention help patient from experiencing heartburn

Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find probability that half-more of claims have been padded

Reference No:- TGS0111438

Recent Questions Asked Basic Statistics

Q : Find population standard deviation for random sample

Q : Discuss the employee rights under the osh act

Q : Newly designed type of sandal

Q : Variance of the number of credit cards

Q : Find probability that half-more of claims have been padded

Q : Bob believes that he has come up with a nifty hash function

Q : Ingest large molecules such as lipid

Q : What is the geometric mean annual percent increase

Q : Who is ultimately responsible for managing a technology

Asked Questions