An Insurance Company Evaluates Many Numerical Variables About a Person

question 202

Short Answer

An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.The number of tickets a person has received in the last 3 years is an example of a numerical variable.

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Definitions:

Screening

The process of testing or evaluating for the presence of a disease, condition, or relevant risk factor before symptoms appear.

Comprehensive Exam

A thorough examination or test covering a wide range of material, often used in academic settings to assess comprehensive knowledge in a specific area of study.

Assessment Process

A systematic method of evaluating or examining something to determine its value, importance, or condition, often used in education, health care, and professional settings.

Crises Intervention

A short-term assistance provided to individuals facing an immediate crisis to prevent long-term psychological trauma or instability.