A Website Presents Data on Life Insurance Premiums and Claims

question 33

Multiple Choice

A website presents data on life insurance premiums and claims by state and time period in the United States. These data are mainly for use by researchers on the life insurance domain. How should the data variables be organized on the website?

• A) organize variables by descending numeric frequency
• B) list by alphabetical order or as collected from source
• C) list the dependent variable first, then other variables
• D) layout independent variables by order of importance

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Definitions:

Sample Mean

The average value calculated from a subset of a population.

Alternative Hypothesis

The hypothesis that proposes there is a statistically significant difference between two variables, contrasted with the null hypothesis.

Population Mean

The average of all the values in a population, serving as a measure of central tendency for the entire population.

Sample Mean

The mean value derived from all the data points in a given sample.