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Which of the Following Is NOT a Measure of Central

question 105

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Which of the following is NOT a measure of central tendency?


Definitions:

Life Policy

A contract with an insurance company that pays a designated beneficiary a sum of money upon the death of the insured person.

Premiums Payable

Liabilities on an insurance company's balance sheet, representing amounts due to policyholders.

Coinsurance Clause

a provision in insurance policies that requires the policyholder to bear a portion of the costs of covered services, typically a percentage of the total amount.

Premium Rate

The rate charged for an insurance policy, typically a periodic payment based on the level of coverage and risk factors.

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