An Auto Insurance Company Evaluates Many Numerical Variables About a Person

question 228

Short Answer

An auto insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance.A person's age is an example of a(n)____________________ random variable.

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Definitions:

Feedback

Information provided about a person's performance or behavior, used as a basis for improvement or change.

Revised Act

An updated or amended version of a legislative act which incorporates changes, corrections, or new provisions.

Re-harmonization

The process of changing or adapting the chord progression of a piece of music to create a new arrangement or to provide variation.

Business Entity Acts

Legislation that governs the creation, operation, and dissolution of various types of businesses and their legal entity status.