A manager for an insurance company believes that customers have the following preferences for life insurance products: 20% prefe
1 answer:
Answer:
Yes the sales manager claims can be refuted based on the calculated percentages
Step-by-step explanation:
<u>From the table attached below </u>
Total number of customers = 200
<em>Calculated percentages</em><em> </em>
customers that prefer whole life insurance = 90 = 90/200 = 45%
customers that prefer universal life insurance = 15 = 15/200 = 7.5%
customers that prefer Annuities = 95 = 95/200 = 47.5
<em>Expected percentages:</em>
whole life = 20%
Universal life = 10%
Life Annuities = 70%
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