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An Auto Insurance Company Evaluates Many Numerical Variables About a Person

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An auto insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.The number of claims a person has made in the last 3 years is an example of a(n)____________________ random variable.

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Definitions:

Wild Card

In computing, a symbol used to substitute for any other character or characters in a string.

Third-Party Verification

An independent assessment performed by an external entity to verify the claims made by a party, often used in transactions or compliance checks.

Debit Card

A purchasing card that immediately takes money out of an individual's bank account to settle a transaction.

Physical Store Locations

Brick-and-mortar sites where businesses sell their products or offer services directly to customers in person.

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