Insurers Obtain Data That Can Be Used to Determine Rates

question 16

Multiple Choice

Insurers obtain data that can be used to determine rates from

• A)pricing pools.
• B)insurance advisory organizations.
• C)banks.
• D)reciprocal exchanges.

Identify the conditions under which public sector strikes are allowed or prohibited.

Grasp the historical context and impact of strikes on the American labor movement.

Recognize the strategic uses of lockouts by employers in response to strike threats.

Understand the economic and informational theories behind why strikes occur.

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Definitions:

Total Sum

The aggregate value obtained by adding all the numbers in a set of values.

Observations

Data points or individual pieces of information collected during a study or experiment.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter at a given confidence level.

Promotional Expenditures

Costs incurred by an entity in marketing and advertising efforts to promote its products, services, or brand.