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A Motorcycle Insurance Company Evaluates Many Numerical Variables About a Person

question 194

Short Answer

A motorcycle insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for motorcycle insurance.The number of tickets a person has received in the last 3 years is an example of a(n)____________________ random variable.


Definitions:

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values, involving fairness, integrity, and respect for others.

Workplace

A location where people are employed and where work activities take place; can be physical or virtual.

Character Trait

An enduring characteristic of a person that is related to moral and ethical behavior that shows up consistently.

Moral And Ethical Behavior

Actions that adhere to an accepted standard of right and wrong, encompassing honesty, fairness, and integrity in one's decisions and interactions.

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