Purchase Solution

Working with probability given a specific situation

Not what you're looking for?

Ask Custom Question

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

Purchase this Solution

Solution Summary

The solution answers the question(s) below.

Solution Preview

Probability that 1 claim is padded = 40% = 40/100 = 0.4

a) Probability that half or more of the claims are padded
p = p64+p65+p66+....+p128
Where pn = probability ...

Purchase this Solution

Free BrainMass Quizzes
Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.