Question
Insurance is an integral part of peoples' life. It is a flourishing industry from a business point of view. This industry is mainly divided into
Insurance is an integral part of peoples' life. It is a flourishing industry from a business point of view. This industry is mainly divided into two sub sectors namely life insurance and general insurance. Life insurance companies are keenly interested in predicting how long their customers will live, because their premium and profitability depends on such numbers. An actuary for one insurance company gathered data from 100 recently deceased clients. He recorded the age at death, ages at death of their mothers and fathers, number of years of employment and gender. You are required to gather 80 observations from the given data set
Observation No | Age at death | Mother's age at death | Father's age at death | No of years of employment | Gender |
16 | 81 | 82 | 77 | 30 | Female |
17 | 66 | 80 | 63 | 35 | Female |
18 | 68 | 72 | 71 | 33 | Female |
19 | 72 | 71 | 66 | 30 | Male |
20 | 71 | 76 | 61 | 35 | Female |
21 | 62 | 65 | 57 | 36 | Female |
22 | 71 | 71 | 71 | 41 | Female |
23 | 67 | 68 | 68 | 25 | Female |
24 | 67 | 69 | 66 | 37 | Female |
25 | 79 | 88 | 73 | 20 | Male |
26 | 67 | 73 | 62 | 30 | Male |
27 | 71 | 76 | 67 | 25 | Male |
28 | 73 | 79 | 71 | 40 | Male |
29 | 72 | 66 | 75 | 40 | Male |
30 | 74 | 78 | 68 | 25 | Female |
31 | 74 | 82 | 66 | 20 | Male |
32 | 89 | 86 | 77 | 20 | Male |
33 | 83 | 90 | 72 | 20 | Female |
34 | 78 | 82 | 72 | 33 | Male |
35 | 71 | 78 | 64 | 40 | Female |
36 | 73 | 69 | 80 | 35 | Male |
37 | 74 | 79 | 71 | 35 | Female |
38 | 71 | 73 | 72 | 41 | Female |
39 | 77 | 72 | 72 | 20 | Male |
40 | 77 | 79 | 74 | 25 | Male |
41 | 74 | 77 | 64 | 15 | Male |
42 | 72 | 78 | 64 | 33 | Male |
43 | 77 | 85 | 77 | 18 | Male |
44 | 66 | 74 | 64 | 38 | Female |
45 | 70 | 67 | 65 | 38 | Female |
46 | 63 | 71 | 56 | 38 | Female |
47 | 82 | 83 | 78 | 25 | Female |
48 | 66 | 64 | 66 | 36 | Male |
49 | 74 | 76 | 66 | 35 | Male |
50 | 74 | 82 | 71 | 41 | Male |
51 | 77 | 85 | 69 | 31 | Male |
52 | 69 | 72 | 63 | 32 | Female |
53 | 72 | 77 | 69 | 40 | Male |
54 | 67 | 68 | 69 | 38 | Female |
55 | 74 | 71 | 76 | 45 | Male |
56 | 67 | 76 | 62 | 25 | Male |
57 | 68 | 74 | 62 | 30 | Female |
58 | 68 | 74 | 79 | 30 | Female |
59 | 71 | 71 | 60 | 28 | Male |
60 | 84 | 80 | 90 | 15 | Male |
61 | 78 | 82 | 70 | 40 | Male |
62 | 76 | 82 | 65 | 22 | Female |
63 | 68 | 71 | 61 | 35 | Female |
64 | 70 | 66 | 75 | 36 | Female |
65 | 77 | 82 | 76 | 30 | Male |
66 | 73 | 67 | 71 | 25 | Male |
67 | 72 | 78 | 70 | 30 | Male |
68 | 77 | 75 | 66 | 25 | Male |
69 | 75 | 73 | 69 | 30 | Female |
70 | 71 | 77 | 70 | 30 | Male |
71 | 70 | 77 | 60 | 41 | Female |
72 | 65 | 75 | 60 | 25 | Female |
73 | 68 | 72 | 66 | 31 | Female |
74 | 71 | 70 | 70 | 43 | Female |
75 | 68 | 75 | 63 | 32 | Female |
76 | 59 | 59 | 62 | 35 | Female |
77 | 83 | 82 | 82 | 30 | Male |
78 | 66 | 69 | 68 | 38 | Male |
79 | 76 | 80 | 70 | 31 | Male |
80 | 65 | 66 | 63 | 33 | Male |
81 | 70 | 66 | 68 | 25 | Female |
82 | 76 | 88 | 69 | 30 | Male |
83 | 74 | 79 | 70 | 25 | Male |
84 | 73 | 80 | 75 | 41 | Male |
85 | 75 | 76 | 72 | 25 | Male |
86 | 70 | 75 | 57 | 38 | Female |
87 | 80 | 84 | 75 | 18 | Male |
88 | 72 | 72 | 77 | 35 | Male |
89 | 80 | 74 | 77 | 20 | Male |
90 | 72 | 85 | 60 | 25 | Male |
91 | 72 | 73 | 69 | 33 | Male |
92 | 64 | 71 | 67 | 30 | Female |
93 | 73 | 88 | 63 | 30 | Male |
94 | 80 | 85 | 78 | 30 | Male |
95 | 72 | 78 | 64 | 30 | Male |
Construct suitable graphs to represent the relationship between dependent variables and each quantitative independent variable in your data set.
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