{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

S28 - appropriate rate for automobile insurance The...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

  • Spring '11
  • mmm
  • Probability distribution, Probability theory, insurance company, Discrete probability distribution, Continuous probability distribution

{[ snackBarMessage ]}

Ask a homework question - tutors are online