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

Understand the impact of personality on emotions and job satisfaction.

Grasp the importance of emotional and cognitive intelligence in the workplace.

Recognize the strategies individuals use to cope with emotional labor and its associated stress.

Understand the concept of resistance in the context of counseling and its significance in the therapeutic relationship.

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Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing what the shareholders own outright.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, such as loans, accounts payable, or mortgages.

Statement of Cash Flows

A financial statement that shows the cash inflows and outflows for a company over a specified period, classified into operating, investing, and financing activities.

Financial Position

The status of the assets, liabilities, and equity of an entity at a given point in time, as outlined on the balance sheet.