User Account

All Pages

Categorical statistics in the insurance industry

Assignment Help Basic Computer Science
Reference no: EM132522202

Topic 1: Categorical Statistics in the Insurance Industry

If you have had teenaged drivers in your household, you know that they are particularly expensive to insure - worse so if they are boys! This Discussion will focus on how categorical analytics is used in the insurance industry. Think of the insurance industry broadly: Auto, Home, Life, and Business. Complete the following for this discussion board:

Research how the insurance industry generally uses categorical statistics to determine how much to charge their policy holders for their premiums. Remember to think beyond auto insurance and consider looking at life, health, homeowner's insurance, etc. Summarize how insurance uses categorical analytics and cite your source.

Find an example of where an insurance company used categorical analytics to make insurance decisions and summarize it for the class. Cite your source.

Share at least two specific things you learned in your research about the use of categorical statistics, probability, and risk in the insurance industry.

Feel free, but not obligated, to share personal experiences that illustrate how statistics and insurance costs related.

Read and respond to at least two of your peers' posts, discussing specifically the intersection of categorical statistics and insurance premium costs.

Reference no: EM132522202

Questions Cloud

What is the meaning of the subscript : What is the meaning of the subscript ??? notation on the expectd value
Crime prevention through environmental design : Crime Prevention through Environmental Design (CPTED) long established operations currently used across the globe but not problem free operations.
New aluminum alloy undergoing development : Compressive strength (in thousand psi) was measured on 60 specimens of a new aluminum alloy undergoing development as a material for the next generation
What is the type of balance day adjustment : XYZ Publisher's financial year end is 30 June. What is the type of balance day adjustment and the amount adjusted at 30 June 2016
Categorical statistics in the insurance industry : Research how the insurance industry generally uses categorical statistics to determine how much to charge their policy holders for their premiums.
Prepare the journal entries to record compensation expense : The options have an estimated fair value of $11 each. Prepare the journal entries to record compensation expense in 2022 and 2023
New aluminum alloy undergoing development : Compressive strength (in thousand psi) was measured on 60 specimens of a new aluminum alloy undergoing development as a material for the next generation of airc
What is the revised estimate of the total compensation : On January 1, 2021, Farmer Fabrication issued stock options for 400,000 shares to a division manager. What is the revised estimate of the total compensation
Internal-external security lighting at datacenter facilities : Discuss the importance of internal and external security lighting at datacenter facilities.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Administrative management of systems

PowerShell is becoming Microsoft's command line tool for administrative management of systems.

  Internet systems development software technologies

Write a 4-page paper that compares and contrasts at least three Internet systems development software technologies. Explain why an Internet systems developer might choose one technology over another technology.

  Employees of the organization

One of the greatest threats to internal information security is the employees of the organization.

  Draw the block diagram of von neumann architecture

1. Draw the block diagram of von Neumann Architecture and explain about its parts in brief.2. What is the function of Program Status Word (PSW)? Explain the function of each flag that PSW contains.3. Explain the different types of computer architectu..

  The convergence of different devices such as cameras

Think about how mobile our computing devices have become and the convergence of different devices such as cameras, phones, and computers. What do you think the computer of the future will be like? What capabilities will it have that computers ..

  What is the lowest temperature of the air

what is the lowest temperature of the air that can initially be used for the cooling? Assume that the temperature of the air equals that of the surroundings.

  Write a fragment of code

Write a fragment of code that will read words from the keyboard until the word done is entered. For each word except done, report whether its first character is equal to its last character. For the required loop, usea a.While statment b. do-while ..

  Provide protection for mobile devices

What are the main reasons why a VPN is the right solution for protecting the network perimeter? Do they also provide protection for mobile devices?

  Highlighting the most important information security

Assume that the IT department of a business has hired you, and your first task is to ensure the department is following essential information security practices. Write a 2- to 3-page paper highlighting the most important information security practi..

  What is the standard deviation for the true error rate

Consider a learned hypothesis, h, for some boolean concept. What is the standard deviation and the 95% confidence interval for the true error rate for Errorv(h)?

  Availability versus confidentiality of DR and BC plans

Discuss the issues of availability versus confidentiality of the DR and BC plans. How can an organization meet objective and also protect sensitive information

  Dealing with artificial intelligence

Giving reasons list why Perl is not commonly used as a programming language when dealing with artificial Intelligence?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd