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5. You have been asked to analyze data on customer cancellations within 60 days of purchasing insurance with GEICO, and are given the characteristics of

5. You have been asked to analyze data on customer cancellations within 60 days of purchasing insurance with GEICO, and are given the characteristics of the policy (payment plan, number of vehicles, coverage choices, etc.) along with cancellation (Yes or No). The goal of the analysis is to determine if a certain payment plan we offer leads to significantly lower cancellation rates. How would you approach this problem? Fully explain the reasoning behind your choice

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