SCENARIO 2-1 An Insurance Company Evaluates Many Numerical Variables About a Person

question 66

Multiple Choice

SCENARIO 2-1
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.

-Referring to Scenario 2-1,how many drivers are represented in the sample?

• A)5
• B)15
• C)18
• D)50

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Definitions:

Union Members

Individuals who have officially joined a labor union, enabling them participation in collective bargaining and other union activities.

Outcome Determination

The process of deciding or establishing the result or consequences of an action, often used in the context of dispute resolution or performance evaluation.

Workplace Outcomes

The results or consequences of particular practices and policies implemented in a work environment.

Unionism

The principles, practices, or system of forming, joining, and operating trade unions to protect and improve workers' rights and conditions.