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Q.19 An auto insurance company wants to predict client claims from the amount of premium paid...

Q.19

An auto insurance company wants to predict client claims from the amount of premium paid on each policy. Which of the following variables should be the explanatory variable in such a study?

a. Amount of claim

b. Deductible

c. Limits per coverage

d. Policy premium

e. Insufficient information

math   Statistics-And-Probability   
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Answer #1

Explanatory variable nothing but independent variable Where premium paid on each policy is explanatory variable so Option d is correct

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