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An Insurance Company Evaluates Many Numerical Variables About a Person

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An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A person's age is an example of a(n)______ numerical variable.


Definitions:

Military Service

A period of time spent serving in the armed forces of a country.

Minimum Wage

The lowest wage, either by government regulation or by union contract, that an employer may pay an hourly worker.

Federal Minimum Wage

The lowest legal hourly pay for most workers in the United States, set by federal law.

Long-Term Employment

Long-term employment refers to a work arrangement where an individual is employed by the same company or organization for a lengthy period, suggesting stable and continuous work history.

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