Community Rating Is a Regulation That Requires

question 82

Multiple Choice

Community rating is a regulation that requires:

• A)cities to give ratings to movies shown in local theaters.
• B)insurance companies to offer the same policies for the same premium to everyone,regardless of medical history.
• C)insurance companies to charge higher premiums to healthy people.
• D)insurance companies to charge higher premiums to the sickest people in the community.

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Definitions:

Degrees Of Freedom

A concept in statistical analysis that represents the number of values in a calculation that are free to vary without violating any given constraints.

Area Under Curve

A measure or area in graphical analysis, often used in statistics to quantify the total value represented by the graphed data.

Student T-Distribution

A distribution of probability that occurs when the average of a population with a normal distribution is being estimated under conditions where the sample size is limited and the standard deviation of the population is not known.

Degrees Of Freedom

Degrees of freedom refer to the number of values in a statistical calculation that are free to vary when estimating some kind of parameter, influencing the shape of various statistical distributions.