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

question 112

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 total claims are represented in the sample?

• A) 15
• B) 50
• C) 111
• D) 250

---

Definitions:

Ethnic Hierarchy

A system of social stratification based on ethnicity, where different ethnic groups are ranked in a hierarchy above or below each other on the basis of assumed superiority or inferiority.

Racial Stratification

The hierarchical organization of society based on racial or ethnic groupings that often results in unequal access to resources, opportunities, and rights.

Economic Success

The achievement of financial stability, growth, and prosperity within individual, business, or societal levels.

Discriminatory Immigration Policies

Governmental regulations and practices that unfairly restrict individuals from immigrating based on factors like race, nationality, religion, or socioeconomic status.