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QUESTION
An insurance company has called a consulting firm to determine if the company has an unusually high number of false insurance claims. it is known that the industry proportion for false claims is 3%. t
An insurance company has called a consulting firm to determine if the company has an unusually high number of false insurance claims. it is known that the industry proportion for false claims is 3%. the consulting firm has decided to randomly and independently sample 100 of the insurance claims.
