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Question: Question 3 (1 point) While attempting to measure its risk exposure for the upcoming year, an ins…

by Essaynice Tutors | Sep 9, 2023 | statistics and probability

Question 3 (1 point)

Question: Question 3 (1 point)While attempting to measure its risk exposure for the upcomingyear, an ins...

While attempting to measure its risk exposure for the upcoming
year, an insurance company notices a trend between the age of a
customer and the number of claims per year. It appears that the
number of claims keep going up as customers age. If 10 customers
are sampled and the regression output is given below, report the
regression equation.
Question: Question 3 (1 point)While attempting to measure its risk exposure for the upcomingyear, an ins...

Question 3 options:

1)	(number of claims per year) = 0.097*(age)

2)	(age) = 5.77*(number of claims per year) + 0.097

3)	(number of claims per year) = 0.097*(age) + 5.77

4)	(age) = 0.097*(number of claims per year) + 5.77

5)	(number of claims per year) = 5.77*(age) + 0.097

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