S28 - appropriate rate for automobile insurance. The...

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1. The Commissioner of Health in New York State wanted to study malpractice litigation in New York. A sample of 31,000 medical records was drawn from a population of 2.7 million patients who were discharged during the year 1997. The collection, presentation, and characterization of the data from patient medical records are examples of _______. ANSWER: descriptive statistics/methods TYPE: FI DIFFICULTY: Easy KEYWORDS: descriptive statistics 2. An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. The number of claims a person has made in the last 3 years is an example of a _______ variable. ANSWER: discrete TYPE: FI DIFFICULTY: Easy KEYWORDS: discrete random variable, types of data 3. An insurance company evaluates many numerical variables about a person before deciding on an
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Unformatted text preview: appropriate rate for automobile insurance. The distance a person drives in a year is an example of a _______ variable. ANSWER: continuous TYPE: FI DIFFICULTY: Easy KEYWORDS: continuous random variable, types of data 4. An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A person's age is an example of a _______ variable. ANSWER: continuous TYPE: FI DIFFICULTY: Easy KEYWORDS: continuous random variable, types of data 5. An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. How long a person has been a licensed driver is an example of a _______ variable. ANSWER: continuous TYPE: FI DIFFICULTY: Moderate KEYWORDS: continuous random variable, types of data...
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This note was uploaded on 02/14/2011 for the course ECON 100 taught by Professor Mmm during the Spring '11 term at Allen University.

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