An insurance company states that 90 of its claims are

Reference no: EM13626809

An insurance company states that 90% of its claims are settled within 30 days. A consumer group selected a simple random sample of 200 of the company's claims and found that 164 of the claims were settled within 30 days. Calculate a 99% confidence interval for the proportion of claims that are settled within 30 days.Interpret your results. Is the company's statement reasonable?

Reference no: EM13626809

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