Which of the Following Is Not a Characteristic of an Umbrella

question 98

Multiple Choice

Which of the following is not a characteristic of an umbrella policy?

• A) It provides additional liability insurance.
• B) It replaces other policies.
• C) It protects wealth.
• D) It is optional coverage.

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Definitions:

Correlation

An association between two variables.

Scatterplot

A type of graph in statistics used to display values for typically two variables for a set of data.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.

Mean

Often referred to as average; the sum of all the numbers in a data set divided by the number of elements in the data set.