Which of the Following Is NOT a Reason Why Group

question 24

Multiple Choice

Which of the following is NOT a reason why group insurance rates are typically lower than individual rates?

• A)Economies of Scale
• B)The ability to pool risks
• C)Disbursement of costs amongst the group
• D)Greater bargaining power of a group

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Definitions:

Range

The simplest measure of variability is the range, which is calculated by subtracting the lowest score from the highest score and adding 1.

Normal Curve

A symmetrical bell-shaped curve representing a normal distribution in statistics, where the mean, median, and mode are equal.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Raw Scores

The unadjusted scores individuals receive based on the number of questions answered correctly on an assessment.