An Insurance Company Selected Samples of Clients Under 18 Years

question 31

Multiple Choice

An insurance company selected samples of clients under 18 years of age and over 18 and recorded the number of accidents they had in the previous year.The results are shown below. $\begin{array}{ll}\text { Under Age of } 18 & \text { Over Age of } 18 \\n_{1}=500 & n_{2}=600 \\\text { Number of accidents }=180 & \text { Number of accidents }=150\end{array}$ We are interested in determining if the accident proportions differ between the two age groups.
The pooled estimator of the population proportion is

• A) .305.
• B) .300.
• C) .027.
• D) .450.

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Definitions:

Critical Success Factors

Essential elements or conditions that must be met for a project, venture, or business to achieve its objectives.

Performance Measurement

The process of evaluating and assessing an individual's or organization's work or performance against predefined objectives or standards.

Time Lag

The delay between a cause or action and its effect or outcome.

Competitive Benchmarking

A process where a company measures its performance or processes against those of its competitors to identify improvements or strategies.