Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. in the following problem, check that it is appropr

In the following problem, check that it is appropriate to use the normal approximation to the...

60.1K

Verified Solution

Question

Basic Math

In the following problem, check that it is appropriate to usethe normal approximation to the binomial. Then use the normaldistribution to estimate the requested probabilities. Do you try topad an insurance claim to cover your deductible? About 42% of allU.S. adults will try to pad their insurance claims! Suppose thatyou are the director of an insurance adjustment office. Your officehas just received 128 insurance claims to be processed in the nextfew days. Find the following probabilities. (Round your answers tofour decimal places.) (a) half or more of the claims have beenpadded (b) fewer than 45 of the claims have been padded (c) from 40to 64 of the claims have been padded (d) more than 80 of the claimshave not been padded

Answer & Explanation Solved by verified expert
4.5 Ratings (634 Votes)
n 128P 042n p 128 042 5376nq 128 1 042 7424As np    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Cleaner's Inc. is switching to paying employees every 2 weeks rather than weekly and will therefore"skip"...

Biology
1.2K views

whether this trait is inherited according to Mendel s laws which phenotype is dominant and...

Physics
1.2K views

48 Two identical coherent sources are placed on a diameter of a circle of radius...

Basic Math
1.2K views

Two brothers Steven and Michael each inherit 36000 Steven invests his inheritance in a savings...

Algebra
1.2K views

For the matrix M = 3 -1 -2 ...

Accounting
1.2K views

Question 10 Ryner Corporation is considering three investment projects: S, T, and U. Project S...

Accounting
1.2K views

Consider a special order decision with non-incremental fixed costs. Such fixed...

Accounting
1.2K views

Given the fol lowing data, calculate the cost of goods sold for the 04'15 sale...

Accounting
1.2K views

Limited Resources Assume Fender produces only three guitars: the Stratocaster, Telecaster, and Jaguar. A limitation...

Accounting
1.2K views

ABC Pharmacy - What can two new pharmacy owners learn about their business from its...

Accounting
1.2K views

Mary Smith, the president of the corporation, cannot understand how two different gross margins can...

Finance
1.2K views

foreign; foreign 49 J 1.25 ai) i) is when the domestic currency is backed 100%...