Examlex
To determine how much difference there is between two individuals,you must use either an interval or a ratio scale of measurement.
Insured
A person or entity covered by an insurance policy, protecting them against financial loss from specified risks.
Insurer
A company or entity that provides insurance coverage to policyholders in exchange for premiums.
Deductible
An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.
Premium
The amount paid for an insurance policy or the fee charged by insurers for providing coverage.
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