subject
Mathematics, 03.04.2020 03:00 moonk7733

The Happy Health Insurance Company is concerned about rising costs of the claims submitted by their insured customers that now average over $100. To determine whether they can do a better job of screening for new policy applications (to cherry pick the people who will file fewer and/or lower claims, thereby saving money for Happy Health), the Happy Health Insurance Company asked its underwriters to predict which variables might be correlated with a lower average cost of claims filed. From a long list of possible predictors submitted by the underwriters, Happy Health chose weight, number of previous claims, exercise, and age, then reviewed a sample of 1250 customers who filed claims in the past 12 months to determine whether weight (in pounds), number of claims filed in the past year, amount of exercise (hours per week), and age have any predictive value for the average claim cost in dollars to the insurance company. The results are listed below. What percentage of variance in average cost of claims (amount of money paid by Happy Health) is accounted for by weight, claims filed, exercise, and age

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
You give a $4 tip for a meal that cost $22. approximately what percent of the bill was your tip?
Answers: 1
question
Mathematics, 21.06.2019 19:30
The amount spent on food and drink by 20 customers is shown below what is the modal amount spent and the median? 40 25 8 36 18 15 24 27 43 9 12 19 22 34 31 20 26 19 17 28
Answers: 1
question
Mathematics, 21.06.2019 23:00
Suppose that 15 inches of wire cost 60 cents. at the same rate, how much (in cents) will 12 inches of wire cost
Answers: 2
question
Mathematics, 21.06.2019 23:20
Which expression is a factor of 12x2 + 29x – 8? x – 8 2x – 1 3x + 8 4x + 1
Answers: 1
You know the right answer?
The Happy Health Insurance Company is concerned about rising costs of the claims submitted by their...
Questions
question
Mathematics, 12.09.2021 08:50
question
Mathematics, 12.09.2021 08:50
question
English, 12.09.2021 09:00
question
Mathematics, 12.09.2021 09:00
question
Mathematics, 12.09.2021 09:00
question
Mathematics, 12.09.2021 09:00
Questions on the website: 13722363