All of the Following Statements About Shopping for Auto Insurance

question 31

Multiple Choice

All of the following statements about shopping for auto insurance are true EXCEPT

• A)Adequate liability insurance is the most important consideration.
• B)Consideration should be given to dropping physical damage insurance on an older car with a low market value.
• C)To obtain the lowest premium,an applicant should review his or her eligibility for all discounts offered.
• D)Price comparisons are of little value since auto insurers tend to charge the same premiums.

---

Definitions:

Target Variable

In data analysis and modeling, the specific outcome or response that the model is designed to predict.

Causal Variable

A variable that is presumed to cause or determine the outcome of interest in a research study.

Quantitative Model

A quantitative model uses mathematical equations and numerical data to represent a situation or problem, enabling objective analysis and predictions.

Qualitative Model

A model that relies on non-numeric data, such as expert opinion or case studies, to analyze and predict outcomes or behaviors.