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geniusboy [140]
3 years ago
9

A manager for an insurance company believes that customers have the following preferences for life insurance products: 20% prefe

r Whole Life, 10% prefer Universal Life, and 70% prefer Life Annuities. The results of a survey of 200 customers were tabulated. Is it possible to refute the sales manager's claimed proportions of customers who prefer each product using the data
Mathematics
1 answer:
Zanzabum3 years ago
3 0

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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