In the Event of a Loss You Should Do All

question 49

Multiple Choice

In the event of a loss you should do all of the following except

• A)report your loss immediately.
• B)refrain from making any repairs until the claims adjuster has seen the damage.
• C)make a detailed list of everything that is lost or damaged.
• D)maintain records of the insurance settlement process.

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Definitions:

Predictor Variables

Variables that are used in statistical models to predict or explain variations in another variable, often the dependent variable.

Criterion Variable

A dependent variable that is influenced by other variables in a study.

Relationship

Refers to a connection, association, or interaction between two or more variables, entities, or individuals.

Multiple Correlation

A statistical technique that measures the strength of a relationship between one dependent variable and several independent variables.