Instruction 2 $$\begin{array} { | l | l | } \hline X & f \\\hline 1 & 14 \\\hline 2 & 18 \\\hline 3 & 12 \\\hline 4 & 5 \\\hline 5 & 1 \\\hline\end{array}$$

question 58

Multiple Choice

Instruction 2.1
An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of insured drivers and recorded, X, the number of claims each made in the last three years, with the following results.
$$\begin{array} { | l | l | } \hline X & f \\\hline 1 & 14 \\\hline 2 & 18 \\\hline 3 & 12 \\\hline 4 & 5 \\\hline 5 & 1 \\\hline\end{array}$$
-Referring to Instruction 2.1,how many total claims are represented in the sample?

• A) 15
• B) 111
• C) 50
• D) 250

Understand the principles and calculations involved in determining credit limits and debt-to-income ratios.

Recognize federal laws and consumer rights related to credit reporting and fair credit practices.

Understand the role and function of credit bureaus in managing credit information.

Describe the characteristics and examples of various credit arrangements, including installment credit and revolving credit.

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Definitions:

Heritability

The proportion of observed variation in a particular trait among individuals of a population that can be attributed to inherited genetic factors.

Scientists Infer

The process by which scientists draw conclusions from data and observations to explain phenomena.

DNA Structure

The physical and chemical structure of deoxyribonucleic acid (DNA), which carries genetic information in living organisms and viruses, typically consisting of two strands that wind around each other to form a double helix.

Discovered

Found or identified something previously unknown or unrecognized.