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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.The number of tickets a person has received in the last 3 years is an example of a numerical variable.


Definitions:

Governing Professionals

Individuals or bodies responsible for making and enforcing rules and standards within specific professions to ensure accountability and integrity.

Professions

Occupations requiring specialized knowledge and often long and intensive academic preparation.

Role Trust

The confidence in and reliance on individuals or groups to perform their functions or roles effectively and responsibly, particularly in professional settings.

Professionalism

The competence, skill, and standards expected of a professional in their conduct and work.

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