An Insurance Company Evaluates Many Variables About a Person Before

question 190

True/False

An insurance company evaluates many 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 100 insured drivers and recorded,X,the number of claims each made in the last 3 years.A Pareto chart can be used to present this information.

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Definitions:

British Petroleum

A global oil and gas company headquartered in London, England, known for its petroleum and energy operations.

Gulf of Mexico

is a large ocean basin near the Southeastern coast of the United States, Mexico, and part of Cuba, known for its rich biodiversity and significant oil deposits.

Treadmill of Production

An environmental sociology theory that suggests economic growth demands corresponding increases in environmental resource extraction and leads to ecological degradation.

Environmental Racism

The disproportionate impact of environmental hazards on minority communities, stemming from policies and practices that discriminate based on race or socioeconomic status.