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Q: statistical probabilty of a number ( No Answer,   1 Comment )
Question  
Subject: statistical probabilty of a number
Category: Business and Money > Finance
Asked by: kiltygrandad-ga
List Price: $10.00
Posted: 11 Dec 2002 09:44 PST
Expires: 10 Jan 2003 09:44 PST
Question ID: 123104
iwork for a financial firm. I would receive a bonus {large} if claims
paid and reserved fall below 65% of earned premiums over a 3 year
period. In 15 years , i was denied this claim 4 times when the % fell
between 65 and 66 percent. by the way there is always a large amount
increased in last month of computation period each year. What is
possibility of % falling between 65 and 66  4 of 15 years?

Request for Question Clarification by haversian-ga on 11 Dec 2002 16:09 PST
That would depend on the probability of each percentage appearing. 
For the purposes of your question, are you assuming the probablity of
getting each percentage is the same?  That is, you are just as likely
to get a 1.64% as you are to get a 92.47%.  If that is the case, I can
answer your question.  If not, you will have to provide the
probability of getting any given percentage for a Researcher to answer
your question.
Answer  
There is no answer at this time.

Comments  
Subject: Re: statistical probabilty of a number
From: funkywizard-ga on 11 Dec 2002 15:50 PST
 
Is it possible that the claim percentage is being raised not by claim
makers, but by your employers, who could possibly be "fudging the
figures" in order to deny you your bonus?

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