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

question 80

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.

-A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequencies is called a

• A)contingency table.
• B)Pareto chart.
• C)stem-and-leaf display.
• D)pie chart.

Apply post-hoc analysis techniques for multiple comparisons in one-way ANOVA settings.

Understand the basic concepts and applications of analysis of variance (ANOVA).

Learn to perform and interpret ANOVA tests in different contexts and designs.

Understand the concept of degrees of freedom in statistical tests.