1. An insurance company determines that in every 100 claims 4 are fraudulent. 2.What is the probability that the next claim the company processes will be fraudulent? Please state the probability as a decimal value.. Please follow and like us:
1. An insurance company determines that in every 100 claims 4 are fraudulent. 2.What is the probability that the next claim the company processes will be fraudulent? Please state the probability as a decimal value.. Please follow and like us: