An Insurance Company Evaluates Many Variables About a Person Before

question 152

Multiple Choice

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 15 insured drivers and recorded the amount of claims each made in
The last 3 years. Based on this information, which of the following will you construct to learn
About the mean amount of claims made by the company's customer?

• A) Confidence interval estimate for the mean using the standard normal distribution.
• B) Confidence interval estimate for the mean using the Student's t distribution.
• C) Confidence interval estimate for the proportion using the standard normal distribution.
• D) Confidence interval estimate for the difference between two means using the standard normal distribution.

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Definitions:

Psychological Therapies

Approaches used by mental health professionals to address and treat psychological difficulties and disorders.

Stimulant Drugs

Substances that increase activity in the brain and nervous system, leading to increased alertness, attention, and energy.

ADHD Symptoms

refer to the various signs that may indicate Attention Deficit Hyperactivity Disorder, such as impulsiveness, inattention, and hyperactivity.

Neurobiological Disorder

Disorders of the nervous system that are attributed to structural, biochemical, or electrical abnormalities in the brain or other parts of the nervous system.