The Easy Method of Determining Life Insurance Is Based on the Rule

question 96

Multiple Choice

The easy method of determining life insurance is based on the rule of thumb that a "typical family" will need about what percent of a wage-earner's salary for seven years?

• A)20
• B)40
• C)50
• D)70
• E)80

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Definitions:

Degree of Association

A statistical measure that describes the level or strength of a relationship between two or more variables.

Correlation

A mathematical indicator showing how much two or more variables move in relation to each other.

Consistent Measurement

Involves the use of precise and stable methods or instruments to obtain reliable data across different instances or over time.

Reliability

Consistency, either within a scale or over time.