An Insurance Company Evaluates Many Variables About a Person Before

question 100

Multiple Choice

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 15 insured drivers and recorded the number of claims each made in the last 3 years.Based on this information,which of the following will you construct to learn about the mean number of claims made by the company's customer?

• A)Confidence interval estimate for the mean using the standard normal distribution.
• B)Confidence interval estimate for the mean using the Student's t distribution.
• C)Confidence interval estimate for the proportion using the standard normal distribution.
• D)Confidence interval estimate for the difference between two means using the standard normal distribution.

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Definitions:

Social Phobia

An anxiety disorder characterized by a significant amount of fear in one or more social situations, causing considerable distress and impaired ability to function in at least some parts of daily life.

Intense Reactions

Strong emotional or physical responses to stimuli or events, which can be disproportionate to the triggering cause.

Social Anxiety

A chronic mental health condition characterized by an intense fear of social situations and being judged by others.

Panic Attacks

Sudden episodes of intense fear or anxiety that may include physical symptoms such as palpitations, sweating, and feelings of doom.