Treating these data as a random sample for the population

Reference no: EM13607985

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.

Reference no: EM13607985

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