Which of the following statements about shopping for auto insurance is true?
A) Adequate physical damage insurance on your auto is the most important consideration.
B) Consideration should be given to dropping liability coverage if you drive an older car with a low market value.
C) To obtain the lowest premium, an applicant should review his or her eligibility for all discounts offered.
D) Price comparisons are of little value since auto insurers tend to charge the same premiums.
Answer: C
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A) Nonprobability sampling B) Probability sampling C) Convenience sampling D) Judgmental sampling
A written letter is appropriate when you want to offer ____.
A. thanks B. congratulations C. sympathy D. all of the above
Which of the following statements is true regarding a scatter diagram?
A) It provides very little information about the relationship between the regression variables. B) It is a plot of the independent and dependent variables. C) It is a line chart of the independent and dependent variables. D) It has a value between -1 and +1. E) It gives the percent of variation in the dependent variable that is explained by the independent variable.
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