Dane recently decided to start up a new company offering insurance for people's smartphones. He has determined that during a given year only 25% make a claim. Suppose this past year Dane was able to...

Extracted text: Dane recently decided to start up a new company offering insurance for people's smartphones. He has determined that during a given year only 25% make a claim. Suppose this past year Dane was able to sell 340 insurance policies. What is the probability that greater than 29 percent of his customers made a claim? Answer = Last year was actually quite rough for Dane. It actually put him near the breaking point as it was only predicted that a year this bad or worse would happen only 3% of the time. How many people filed a claim (round up)?