TABLE 2-2 An Insurance Company Evaluates Many Numerical Variables About a Person

question 211

Multiple Choice

TABLE 2-2
An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of insured drivers and recorded, X, the number of claims each made in the last 3 years, with the following results.

-A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequencies is called a

• A) contingency table.
• B) Pareto chart.
• C) dot plot.
• D) pie chart.

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Definitions:

Psychological Needs

The fundamental emotional or mental requirements that individuals need to achieve well-being and contentment.

Autonomous Motivation

The drive to engage in an activity out of genuine interest or internal value, rather than external pressures or demands.

Cultures

The collective norms, values, beliefs, and customs of a group of people that distinguish them from other groups.

Equality Norm

A principle that advocates for equal treatment and fairness among members of a group or society.