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

question 89

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 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e., the slope coefficient for AGE) is ?-0.82 ± ________.

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Definitions:

Commission

A payment or reward given for completing a service or achieving a goal, often calculated as a percentage of the sales or transactions made.

Omission

The act of leaving out or excluding something, either intentionally or unintentionally.

Imprecision

The state of being vague, not exact, or unclear, often leading to errors, misunderstandings or a lack of exactness.

Meetings

Formal or informal gatherings of individuals or groups to discuss topics of mutual interest, make decisions, or exchange information.