The Lengths of Time (In Minutes) Several Underwriters Took to Review

question 43

Multiple Choice

The lengths of time (in minutes) several underwriters took to review applications for similar
Insurance coverage are: 50, 230, 52 and 57. What is the median length of time required to review
An application?

• A) 54.5
• B) 141.0
• C) 97.25
• D) 109.0
• E) $$55.40

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Definitions:

Cultural Diversity

Refers to the presence of varied cultural, ethnic, and racial backgrounds within a community or organization, often seen as a source of innovation and growth.

Demographic Trends

Changes and patterns in the composition of a population over time, including age, race, employment, and education levels.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness.

Ethnic Diversity

The inclusion of individuals from a variety of ethnic and cultural backgrounds within a group or organization, enriching its social fabric.