TABLE 17-5 You Worked as an Intern at We Always Win Car

question 241

Short Answer

TABLE 17-5
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend very much on the age of the individual,the number of traffic tickets received by the individual,and the population density of the city in which the individual lives.You performed a regression analysis in EXCEL and obtained the following information:
-Referring to Table 17-5,the proportion of the total variability in insurance premiums that can be explained by AGE,TICKETS,and DENSITY is ________.

---

Definitions:

Mens Rea

The legal principle referring to the mental state of knowledge, intent, or recklessness that constitutes part of a crime.

Mail Fraud Statute

refers to a law that provides federal jurisdiction for cases involving fraudulent activities that utilize the postal system as a means to commit the fraud.

Corporate Liability

The legal obligation of a corporation to pay for damages, fines, or penalties arising from its actions or those of its employees.

Sixth Amendment

An amendment to the U.S. Constitution that guarantees rights to a fair and speedy trial, the right to a lawyer, and the right to an impartial jury.