Question
A health insurance company conducted a linear regression analysis between the number of claims per customer (Y) and customer age (X) that resulted in
A health insurance company conducted a linear regression analysis between the number of claims per customer (Y) and customer age (X) that resulted in the following equation analyzing customer risk: = 2+3X The above equation implies that an (1 points): A) increase of one year in age is correlated with an increase of 3 claims. B) increase one year in age is correlated with an increase of 30 claims. C) increase of one year in age is correlated with a decrease of 3 claims. D) increase of one year in age is correlated with an increase of I claim.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
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