When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
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The degree of precision is a <em>measurement </em>of how near and correct a claimed value is to the <u>actual, real value being conveyed</u>, and the further discussion can be defined as follows:
- A sales forecast is a prediction of future income.
- It's used in the <em>organization expects to sell</em> in a given time frame after you fit a <em>model, regression equations</em> are an important part of the <em>statistical output</em>.
- It's a useful <em>statistical tool</em> for examining the association between <em>two</em> or <em>more variables</em>.
- It's a technique for <em>identifying patterns </em>in<em> </em>data.
- It forecast the values of a <em>dependent variable</em> for people that know something about the <em>explanatory variable</em> or assesses the <em>effect of explanation values</em> of the dependent.
- There are many different types in regression analysis, they always look at the effect of one or more <em>independent variables</em> on predictor variables.
Therefore, the final answer is "regression analysis".
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Friction is the resistance to motion of one object moving relative to another. It is not a fundamental force, like gravity or electromagnetism. Instead, scientists believe it is the result of the electromagnetic attraction between charged particles in two touching surfaces.
True, you wouldn't say "Firstly," if it was in the second paragraph in your essay, etc.