An Actuary Wishes to Predict the Life Expectancy of a Person

question 3

Multiple Choice

An actuary wishes to predict the life expectancy of a person based on several variables.One categorical variable of interest is their relationship status - single,married,divorced,widowed,or common-law.If the actuary wished to include "relationship status" in a regression model,how many indicator variables would he/she need to use in the model?

• A)4
• B)2
• C)3
• D)5
• E)1

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Definitions:

Bodily Freedom

The right or autonomy of individuals to make decisions related to their body and its health without coercion or interference.

Cosmetic Surgery

Surgical procedures designed primarily to enhance appearance through the modification of body features.

Sweatshop Labor

Work performed under poor and exploitative conditions, often with low wages, long hours, and in unsafe environments.

Forced Prostitution

The act of compelling a person to engage in commercial sex acts against their will, often as a form of human trafficking.