Instruction 13.20 You Worked as an Intern at We Always Win Car

question 38

Short Answer

Instruction 13.20
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premium depends very much on the age of the individual, the number of traffic tickets received by the individual and the population density of the city in which the individual lives. You performed a regression analysis in Microsoft Excel and obtained the following information:

-Referring to Instruction 13.20,the 99% confidence interval for the change in average insurance premiums of a person who has become one year older (i.e.,the slope coefficient for AGE)is _____.

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Definitions:

Labor Protest

Collective action by workers, often in the form of strikes or demonstrations, to demand better pay, conditions, or rights from their employers.

Population

The entirety of individuals inhabiting an area or making up a particular group.

New York

A state in the Northeastern United States, known for its cultural, financial, and media impact worldwide, with its largest city, New York City, often described as the financial capital of the world.

19th Century

The period from 1801 to 1900, characterized by industrialization, imperial expansion, and significant social and political changes globally.