Mark Reviewed His Homeowners Policy

question 12

Multiple Choice

Mark reviewed his homeowners policy.He learned that his personal property was insured on an actual cash value basis.He would like replacement cost coverage on his personal property.He contacted his agent who said,"I'll simply add an amendment to your contract that changes the basis of recovery to replacement cost." The written provision the agent was referring to is called a(n)

• A)endorsement.
• B)coinsurance clause.
• C)binder.
• D)deductible.

Understand the importance and interpretation of R Square in regression analysis.

Identify characteristics and calculations of standard residuals in regression models.

Comprehend the basics of simple linear regression and the interpretation of regression statistics.

Recognize the implications of Durbin-Watson statistic values and autocorrelation in data.