Which of the Following Is True

question 68

Multiple Choice

Which of the following is true?
i. The advanced economies account for more than half of global production.
ii. Almost four out of every five people in the world live in the developing economies.
iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies.

• A) Only i and ii
• B) Only ii and iii
• C) Only i
• D) Only i and iii
• E) i, ii, and iii

Recognize the reasons and benefits behind premium discounts in insurance policies.

Understand the relationship between insurance laws and personal financial responsibility requirements.

Understand the concept of liability in both property and personal contexts within insurance policies.

Recognize the importance and impact of demographic and situational factors in determining insurance rates and coverage.

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Definitions:

Categorical Variables

Variables that represent types or categories and are typically qualitative in nature.

Predictor Variable

A variable that is used in statistical models to forecast or predict the outcome of a dependent variable.

Regression Formula

An equation that describes the statistical relationship between one or more predictor variables and the response variable.

Slope

The measure of the steepness or incline of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.