What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

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Answer 1

Question

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

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Answer 2

Question

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

Expert Solution & Answer

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Answer 3

Question

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

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Answer 4

Question

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

Expert Solution & Answer

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Answer 5

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

Answer 6

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

Answer 7

Chapter 12.2, Problem 20AYU

a.

To determine

To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

Answer 8

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

Answer 9

b.

To determine

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

Answer 10

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Answer 11

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Answer 12

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Answer 13

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What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

Solution Summary: The author explains the mistake in the quote, which is that the data are qualitative.

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To explain: What is wrong in the quote “Insurers have found a direct correlation between a consumer’s credit and the likelihood that he or she will make a home (or auto) claim”

To explain: How you would decide whether credit scores might be used to determine whether an individual files a claim on his or her house owner’s insurance policy or not and to explain the inferential procedure you would use.

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Chapter 12 Solutions