(a)
To find: The ranges of rates you would expect the middle
(a)
Answer to Problem 19PPS
The range is
Explanation of Solution
Given:
The given mean annual cost per person is
Calculation:
Since the middle
Therefore the range is calculated as:
The range is
(b)
To find: The expected number of people would be to pay more than
(b)
Answer to Problem 19PPS
The answer is given below.
Explanation of Solution
Given:
The
Using graphing calculator, find
The probability is about
Therefore, we expect
(c)
To find: The place on the distribution would you expect a person with several traffic citations to lie.
(c)
Answer to Problem 19PPS
The explanation is given below.
Explanation of Solution
We can expect people with several traffic citations to lie on the far right of the distribution where the insurance costs are higher because the insurance companies would charge them more.
Therefore the place on the distribution that would we expect a person with several traffic citations to lie is on the far right of the distribution.
(d)
To find: The way that the auto insurance companies use each factor to calculate an individual’s insurance rate.
(d)
Answer to Problem 19PPS
The explanation is given below.
Explanation of Solution
Because as the probability of an accident occurring increases, the more an auto insurance company is going to charge.
Therefore possible answers are:
Age: Young or inexperienced drivers are going to be charged more.
Car Driven: Experience car owners are going to be charged more.
Driving Record: People with more tickets & accidents or bad history in driving are going to be charged more.
The explanation is given above.
Chapter 11 Solutions
Glencoe Algebra 2 Student Edition C2014
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