Kindly refer ot the solution below.
a). The equal frequency bining is as follows.
S.No | Age | Equal sample binning |
9 | 18 | Young |
6 | 19 | Young |
3 | 21 | Young |
1 | 43 | Middle aged |
4 | 47 | Middle aged |
7 | 49 | Middle aged |
8 | 51 | Mature |
5 | 55 | Mature |
2 | 57 | Mature |
b). I will exclude the occupation analysis from the redicitive model since threre are 9 occupations listed in the data and as such it is not giving any trend or pattern insight to the analysis.
c).
** 5. The table below lists a dataset containing details of policy holders at an insurance...
health economics and policy how do I calculate the following: if the insurance company must offer one plan to all women ages 65 and older, what will be the monthly premiun per person? and the surplus? Case Study 2 Suppose that within a given city, women ages 65 and older fall into one of four health categories very healthy, healthy, unhealthy, and very unhealthy. As a part of the new PPACA, the government has mandated that insurance companies must charge...
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