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

Yes the sales manager claims can be refuted based on the calculated percentages

Step-by-step explanation:

From the table attached below

Total number of customers = 200

Calculated percentages

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

Expected percentages:

whole life = 20%

Universal life = 10%

Life Annuities = 70%

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step-by-step explanation: