Which of the Following Refers to a Category Based on Your

question 7

Multiple Choice

Which of the following refers to a category based on your place of residence that is used to set automobile insurance premiums?

• A)rating territory
• B)assigned risk pool
• C)no-fault system
• D)driver classification
• E)use of the vehicle

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Definitions:

Illusion of Control

The erroneous belief that one can influence or control outcomes that are actually determined by chance.

Discounting Principle

A psychological concept suggesting that when there are multiple perceived causes for behaviour, the importance of any single cause is diminished.

False Consensus Effect

The cognitive bias where a person overestimates the extent to which their beliefs, values, or behaviors are normal and shared by others.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions—to oneself and others and to understand that others have beliefs and perspectives different from one's own.