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An Insurance Company Evaluates Many Variables About a Person Before

question 107

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An insurance company evaluates many variables about a person before deciding on an appropriate rate for automobile insurance.A representative from a local insurance agency selected a random sample of 100 insured drivers and recorded, X, the number of claims each made in the last 3 years.A Pareto chart can be used to present this information.


Definitions:

Place Of Tender

The designated location where a party to a contract is required to perform delivery of goods or payment of money.

Seller's Place

The designated location where the seller is required to deliver goods or perform services according to a contract.

Place Of Delivery

The specific location agreed upon where goods will be delivered or services will be rendered.

Seller's Business

The commercial activities, operations, or engagements of a seller in the marketplace, including the sale of goods or services.

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