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.
-Referring to Table 2-1, how many drivers are represented in the sample?

• A) 5
• B) 15
• C) 18
• D) 50

Understand the complexities of communication dynamics in a professional environment, including the coexistence of verbal and nonverbal elements.

Understand how personal appearance and behavior convey professionalism and business etiquette.

Identify appropriate conversation topics for business meetings and meals.

Recognize the importance of writing etiquette in digital communication for maintaining professionalism.

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Definitions:

Selection Process

The method by which individuals are screened and chosen for roles or tasks.

Samples

A subset of individuals or observations drawn from a population, used to make inferences or hypotheses about the population as a whole.

Population Variances

A measure of the spread or distribution of a set of data points in a population, indicating how much the values differ from the mean.

Estimate

An approximation or informed guess of a quantity or value when the exact number is unknown or uncertain.