SCENARIO 18-5 You Worked as an Intern at We Always Win Car

question 318

Short Answer

SCENARIO 18-5
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend very much on the age of the individual,the number of traffic tickets received by the individual,and the population density of the city in which the individual lives.You performed a regression analysis in EXCEL and obtained the following information:

-Referring to Scenario 18-5,the proportion of the total variability in insurance premiums that can be explained by AGE,TICKETS,and DENSITY is .

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Definitions:

Utilization

The act of using resources or services for a particular purpose.

Triglyceride

Three-carbon glycerol molecule with a fatty acid attached to each carbon; constitute approximately 95% of the fats in the human body. Also called triacylglycerol.

Glycerol

A simple polyol compound forming the backbone of triglyceride molecules, also widely used in food and pharmaceuticals.

Monosaccharides

The simplest form of carbohydrates, consisting of a single sugar molecule such as glucose or fructose, that serves as a fundamental energy source for cells.