What type of probability distribution will the consulting firm most likely employ to analyze the insurance claims in the following problem?
1- 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 company's insurance claims. They believe the number of these 100 that are false will yield the information the company desires.
a) Binomial distribution
b) Poisson distribution
c) None of the above
2- Your random variable is the weight of packaged vegetables in a company and histogram developed for a sample of data shows a symmetric distribution(continuous).
a) Uniform
b) Normal
c) exponential
Defend your answer: (a) state your choice and (b) explain why each of the other three choices would be incorrect. For full credit, please provide comments to the discussion of others at least two person .
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