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SCENARIO 13-10
You Worked as an Intern at We Always

question 183

True/False

SCENARIO 13-10
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend very much on the age of the individual and the number of traffic tickets received by the individual.You performed a regression analysis in EXCEL and obtained the following partial information:  Regression Statistics  Multiple R 0.8546 R Square 0.7303 Adjusted R Square 0.6853 Standard Error 226.7502 Observations 15 ANOVA df SS  MS  F  Significance F Regression 2 835284.6500 16.24570.0004 Residual 12616987.8200 Total 2287557.1200 Coefficients  Standard Error t Stat  P-value  Lower 99%  Upper 99%  Intercept 821.2617161.93915.07140.0003326.61241315.9111 Age 1.40612.59880.54110.59849.34446.5321 Tickets 243.440143.24705.62910.0001111.3406375.5396\begin{array}{l}\begin{array} { l r } \hline { \text { Regression Statistics } } \\\hline \text { Multiple R } & 0.8546 \\\text { R Square } & 0.7303 \\\text { Adjusted R Square } & 0.6853 \\\text { Standard Error } & 226.7502 \\\text { Observations } & 15 \\\hline\end{array}\\\\\text { ANOVA }\\\begin{array}{lrrrrrr} & d f & & \text { SS } & \text { MS } & \text { F } & \text { Significance } F \\\hline \text { Regression } & & 2 & & \text { 835284.6500 } & 16.2457 & 0.0004 \\\text { Residual } & & 12 & 616987.8200 & & & \\\text { Total } & & & 2287557.1200 & & & \\\hline\end{array}\\\\\begin{array} { l r r r r r r } \hline & \text { Coefficients } & \text { Standard Error } & { t \text { Stat } } & \text { P-value } & \text { Lower 99\% } & { \text { Upper 99\% } } \\\hline \text { Intercept } & 821.2617 & 161.9391 & 5.0714 & 0.0003 & 326.6124 & 1315.9111 \\\text { Age } & - 1.4061 & 2.5988 & - 0.5411 & 0.5984 & - 9.3444 & 6.5321 \\\text { Tickets } & 243.4401 & 43.2470 & 5.6291 & 0.0001 & 111.3406 & 375.5396 \\\hline\end{array}\end{array}
-Referring to SCENARIO 13-10, the multiple regression model is significant at a10% level of significance.

Comprehend the impact of abusive relationships and mental health on an individual's life and behavior.
Analyze the role of societal views and discrimination in exacerbating individuals' challenges.
Understand the terminology related to discrimination and societal injustices, including ableism and other forms of "isms."
Understand the concept of gender-specific cognitive tendencies and their implications.

Definitions:

Metacognition

The awareness and understanding of one's own thought processes, often leading to better learning strategies and problem-solving skills.

Hypothetical-Deductive Reasoning

A cognitive process involving forming hypotheses based on observations and then logically deducing the consequences to test these hypotheses.

Moral Orientation

An individual's inherent or learned disposition towards understanding, interpreting, and acting upon moral issues.

Care

Delivering the essentials for ensuring the health, welfare, upkeep, and safety of a person or entity.

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