State minimums for insurance


In the Midwestern state an automobile insurance company has large number of customers. From company files it is known that 86% of the customers have only the state minimums for insurance. An official with the state board of insurance is going to take a random sample of 100 accounts to review. Find the standard deviation of the sample proportion in this situation.

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Basic Statistics: State minimums for insurance
Reference No:- TGS0862853

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