TABLE 14-10 You Worked as an Intern at We Always Win Car

question 54

Short Answer

TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual, the number of traffic tickets received by the individual, and the population density of the city in which the individual lives. You performed a regression analysis in Excel and obtained the following information:

-Referring to Table 14-10, the estimated mean change in insurance premiums for every ?2 additional tickets received is ________.

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Definitions:

"Real World"

Term often used to refer to the practical, everyday life experiences and situations outside of controlled or theoretical environments.

Field Experiments

Research studies conducted in natural settings outside the laboratory to study the effect of independent variables on real-life behaviors.

Consent Form

A document that participants receive before a study begins; the form contains enough information about the study procedures, including any potential harm they (or others) might experience, so participants can decide if they want to participate.

Informed Consent

A process in which individuals are clearly briefed on the key facts and risks of a procedure or experiment before agreeing to participate.