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Interim Report: No Proof Insurers Labeled Katrina Wind Claims as Flood
National News • August 16, 2007
A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal ...
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| Subject | Posted By | Posted On |
|---|---|---|
| It Happened - but you can't prove it - here's why.... | New Orleans agent | Aug 16, 2007, 3:24 pm |
| RE: RE: RE: Sample was representative - maybe not | Ratemaker | Aug 16, 2007, 2:13 pm |
| RE: RE: Sample was representative - maybe not | Not a Stats Dude | Aug 16, 2007, 1:47 pm |
| RE: Sample was representative - maybe not | Statistics Dude | Aug 16, 2007, 1:30 pm |
| Sample was representative | Flood Guy | Aug 16, 2007, 1:01 pm |
| What was the sample size? | Anon | Aug 16, 2007, 9:38 am |
| Back to article | ||
Subject: RE: RE: RE: Sample was representative - maybe not
From a couple of thousand observations (if properly and truly randomly selected), you can believe the results when the answers are about 20-80%. Take the results from 5-20% and 80-95% with a grain of salt, and answers more extreme than that need a lot more data to determine a true proportion.
From 98 observations, if zero instances of wind passed off as flood are observed, statistically it is strong evidence that if it happened, it was not a widespread practice. However, I cannot say with 95% confidence that the proportion of times this may have happened is less than 3% - which is still too high in my opinion.