Multiple Choice
An insurance analyst working for a car insurance company would like to determine the proportion of accident claims covered by the company. A random sample of 240 claims shows that the insurance company covered 90 accident claims, while 150 claims were not covered. Use a confidence interval of 95 percent and determine the margin of error.
A) .01513
B) .03125
C) .06125
D) .02965
Correct Answer:
Verified
Correct Answer:
Verified
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