The Deductible Used for Automobile Collision Losses Is an Example

question 30

Multiple Choice

The deductible used for automobile collision losses is an example of a(n)

• A)corridor deductible.
• B)elimination period.
• C)straight deductible.
• D)aggregate deductible.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, using bars of different heights to show frequencies of data within successive intervals.

Quarterly Revenue

The total amount of income generated by a company during a three-month period, typically used to assess financial performance.

Bar Graph

A visual representation of data that uses bars of varying heights to show the values of different categories.

Line Graph

A type of chart used to display information as a series of data points connected by straight line segments.