Working with probability for specific situation

Reference no: EM13104146

Do you try to pad your insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims. Suppose that you are the director of an insurance adjustment office. Your office has just received 128 insurance claims to be processed in the next few days. What is the probability that

a. half or more of the claims have been padded?

b. Fewer than 45 of the claims have been padded

c. From 40 to 64 of the claims have been padded

d. More than 80 of the claims are not padded

Reference no: EM13104146

Questions Cloud

Sample of stipends of teaching assistants in economics : A random sample of stipends of teaching assistants in economics is listed below. Is there sufficient evidence at the alpha=.05 level to conclude that the average stipend different from $15,000? The data is listed below:

What will be the temperature increase of the ball : In a typical game of squash, two people hit a soft rubber ball at a wall until they are about to drop due to dehydration and exhaustion.

Working with normal distribution and probability : The average hourly wage of workers in a fast food restaurant is $5.85 with a standard deviation of $0.35. Assume that the distribution is normal.

What are the wavelengths of electro magnetic waves : what are the wavelengths of electro magnetic waves in free space that have frequencies of a) 5.00 x 10^19Hz, b) 4.00 x 19^9.

Working with probability for specific situation : Do you try to pad your insurance claim to cover your deductible? About 40% of all U.S. adults will try to pad their insurance claims. Suppose that you are the director of an insurance adjustment office.

Describe reason why customers pay more for exclusivity : Recognize and describe three reason why customers would pay more for exclusivity. Describe how a niche player chip away at larger competitors base.

Average electric bill for residents : State the null and alternative hypothesis if the average electric bill for residents of White Pine Estates exceeds $52.98 per month.

Calculate five year moving average : The figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year period.

Cloning human embryos : A recent Survey indicated that 18% of America adults were in favor of cloning human embryos. What is the probability that in a group of 30 adult Americans

User Account

All Pages