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An Insurance Company Estimates 45 Percent of Its Claims Have

Question 119

Multiple Choice

An insurance company estimates 45 percent of its claims have errors. The insurance company wants to estimate with 99 percent confidence the proportion of claims with errors. What sample size is needed if they wish to be within 5 percent of the actual?


A) 664
B) 657
C) 163
D) 1084

Correct Answer:

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