Insurance policies. An actuary at a mid-sized insurance company is examining the sales performance of the companys
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Insurance policies. An actuary at a mid-sized insurance company is examining the sales performance of the company’s sales force. She has data on the average size of the policy ($) written in two consecutive years by 200 salespeople.
She fits a linear model and finds the slope to be 3.00 and the is 99.92%. She concludes that the predictions for next year’s policy size will be very accurate. Examine the data on the CD and comment on her conclusions.
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Related Book For
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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