Examlex

Solved

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

question 115

Multiple Choice

TABLE 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. TABLE 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 Table 2-1, how many drivers are represented in the sample? A)  5 B)  15 C)  18 D)  50
-Referring to Table 2-1, how many drivers are represented in the sample?


Definitions:

Lithium-Ion Battery

A type of rechargeable battery widely used in portable electronics and electric vehicles due to its high energy density.

Consideration Set

A group of brands or products a consumer evaluates as options when making a purchase decision.

Product Class

A broad category of products that serve a similar function or are related in terms of how they are used by consumers.

Acceptable Brands

Brands that consumers perceive as viable options for purchase when making buying decisions.

Related Questions