An Insurance Company Evaluates Many Numerical Variables About a Person

question 40

Short Answer

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 numerical variable.

---

Definitions:

Democrats

Members or supporters of the Democratic Party, one of the two major political parties in the United States, traditionally advocating for social equality and government intervention in the economy.

Wagner Act

Also known as the National Labor Relations Act of 1935, this is a foundational statute of US labor law which guarantees the right of private sector workers to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Interstate Commerce

The exchange of goods, services, or money between states within a country, regulated at the federal level to promote economic equality and efficiency.