Insurance Companies Track Life Expectancy Information to Assist in Determining

question 14

Multiple Choice

Insurance companies track life expectancy information to assist in determining the cost of life insurance policies.Last year the average life expectancy of all policyholders was 77
Years.ABI Insurance wants to determine if their clients now have a longer life expectancy,
On average, so they randomly sample some of their recently paid policies.The insurance
Company will only change their premium structure if there is evidence that people who buy
Their policies are living longer than before.Which of the following statement is true about
This hypothesis test?

• A)It is a one tailed test about a mean.
• B)It is a one tailed test about a proportion.
• C)It is a two tailed test about a mean.
• D)It is a two tailed test about a proportion.

Comprehend the significance and components of ethical and sustainable development in organizations.

Analyze the impact of organizational culture and personal behavior on ethical practices.

Recognize the importance of diversity and inclusion within an organization and its practices.

Identify the stages of moral development and how they influence ethical decision making.

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Definitions:

Corrective Discipline

A process aimed at correcting an employee's behavior or performance through structured and progressive penalties.

Workforce

The collective group of individuals who are engaged in work or are available for work, including both employees and the unemployed.

Downsizing

The process of reducing the number of employees in an organization, usually to cut costs or adjust to a smaller market demand.

Outsourcing

Contracting tasks to outside agencies or persons.