Estimate claim filed against insurance company exceed

Reference no: EM13142649

In a random sample of 100 claims filed against an insurance company writing collision insurance on cars, 30 exceeded $1,200. What can we say with 99% confidence about the maximum error, if we use the sample proportion as an estimate of the true proportion of claims filed against this insurance company that exceed $1,200?

Reference no: EM13142649

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