SCENARIO 2-1 An Insurance Company Evaluates Many Numerical Variables About a Person

question 148

Multiple Choice

SCENARIO 2-1
An insurance company evaluates many numerical 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 insured drivers and recorded,X,the number of claims each made in the last 3 years,with the following results.

-Referring to Scenario 2-1,how many total claims are represented in the sample?

• A)15
• B)50
• C)111
• D)250

Identify the unique features and functions of different social media platforms.

Recognize the impact of social media on relationships and engagement.

Comprehend the concept and importance of Return on Relationships (RoR) in social media.

Grasp the role of content creation and management in social media, including visual content, thought leadership, and user-generated content.

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Definitions:

Higher Classes

Refers to social groups or categories that are distinguished by higher levels of wealth, education, or occupational prestige.

Economic Situations

The state of the economy at a given time, influenced by factors like inflation, unemployment, and GDP growth.

Disempowered Non-reactors

Individuals who lack power or influence and do not actively respond or react to situations or stimuli.

Middle-Class Household

A socioeconomic classification referring to households with an income level, lifestyle, and occupation that place them between the working class and the upper class.