S35 - *111 d) 250 7. When constructing charts, the...

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TABLE 2-1 An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of insured drivers and recorded, X, the number of claims each made in the last 3 years, with the following results. X f fx 1 14 14 2 18 36 3 12 36 4 5 20 5 1 5 50 111 5. Referring to Table 2-1, how many drivers are represented in the sample? a) 5 b) 15 c) 18 d) *50 6. Referring to Table 2-1, how many total claims are represented in the sample? a) 15 b) 50 c)
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Unformatted text preview: *111 d) 250 7. When constructing charts, the following is plotted at the class midpoints: a) *frequency histograms. b) percentage polygons. c) cumulative relative frequency ogives. d) All of the above. 8. Which of the following is NOT a reason for drawing a sample? a) A sample is less time consuming than a census. b) A sample is less costly to administer than a census. c) *A sample is usually a good representation of the target population. d) A sample is less cumbersome and more practical to administer....
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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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