![subject](/tpl/images/cats/ekonomika.png)
8.64 Claims fraud (illegitimate claims) and buildup (exaggerated loss amounts) continue to be major issues of concern among au- tomobile insurance companies. Fraud is defined as specific ma- terial misrepresentation of the facts of a loss; buildup is defined as the inflation of an otherwise legitimate claim. A recent study examined auto injury claims closed with payment under private passenger coverages. Detailed data on injury, medical treatment, claimed losses, and total payments, as well as claim-handling techniques, were collected. In addition, auditors were asked to re- view the claim files to indicate whether specific elements of fraud or buildup appeared in the claim and, in the case of buildup, specify the amount of excess payment. The file InsuranceClaims contains data for 90 randomly selected auto injury claims. The fol- lowing variables are included: CLAIM–Claim ID; BUILDUP–1 if buildup indicated, 0 if not; and EXCESSPAYMENT–excess payment amount, in dollars.
a. Construct a 95% confidence interval for the population propor- tion of all auto injury files that have exaggerated loss amounts.
b. Construct a 95% confidence interval for the population mean dollar excess payment amount.
![ansver](/tpl/images/cats/User.png)
Answers: 1
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 22:20
Why should you not sign the tenant landlord agreement quickly and immediately
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 06:30
Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 13:20
Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 20:10
As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits
Answers: 3
You know the right answer?
8.64 Claims fraud (illegitimate claims) and buildup (exaggerated loss amounts) continue to be major...
Questions
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 26.05.2020 10:57
![question](/tpl/images/cats/istoriya.png)
History, 26.05.2020 10:57
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/istoriya.png)
History, 26.05.2020 10:57
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 26.05.2020 10:57
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 26.05.2020 10:57
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 26.05.2020 10:57
![question](/tpl/images/cats/en.png)
English, 26.05.2020 10:57
![question](/tpl/images/cats/ekonomika.png)
Business, 26.05.2020 10:57
![question](/tpl/images/cats/mat.png)
Mathematics, 26.05.2020 10:57
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 26.05.2020 10:57