Use the following to answer the question(s) below.
Insurance company records indicate that 10% of its policyholders file claims involving theft or robbery of personal property from their homes. Suppose a random sample of 400 policyholders is selected.
-The probability that the sample proportion of policyholders filing claims involving theft or robbery from their homes is less than 8% is
A) 0.0918
B) 0.1333
C) 0.4082
D) 0.0517
E) 0.7892
Correct Answer:
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