Question
The National Underwriter Company in Cincinnati, Ohio, publishes property and casualty insurance data. Given here is a portion of the data published. These data include
The National Underwriter Company in Cincinnati, Ohio, publishes property and casualty insurance data. Given here is a portion of the data published. These data include information from the U.S. insurance industry about (1) net income after taxes, (2) dividends to policyholders, (3) net underwriting gain/loss, and (4) premiums earned. Use the data and stepwise regression to predict premiums earned from the other three variables. (Set the alpha level of significance at 0.10.)
(Round the constant term to 3 decimal places, e.g. 12.757. Round the other coefficients to 1 decimal place, e.g. 12.7.) Premiums earned = enter an appropriate value rounded to 3 decimal places + (enter an appropriate value rounded to 1 decimal place ) dividends + (enter an appropriate value rounded to 1 decimal place ) net income
Premiums Earned | Net Income | Dividends | Underwriting Gain/Loss | |||
---|---|---|---|---|---|---|
30.2 | 1.6 | .6 | .1 | |||
47.2 | .6 | .7 | -3.6 | |||
92.8 | 8.4 | 1.8 | -1.5 | |||
95.4 | 7.6 | 2.0 | -4.9 | |||
100.4 | 6.3 | 2.2 | -8.1 | |||
104.9 | 6.3 | 2.4 | -10.8 | |||
113.2 | 2.2 | 2.3 | -18.2 | |||
130.3 | 3.0 | 2.4 | -21.4 | |||
161.9 | 13.5 | 2.3 | -12.8 | |||
182.5 | 14.9 | 2.9 | -5.9 | |||
193.3 | 11.7 | 2.9 | -7.6 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started