Question: WE1 Using MS Excel 1. Open Insurance data in MS Excel 2. Assess the normality of the following variables: claim amount, coverage, hoursehold income, and

WE1 Using MS Excel

1. Open Insurance data in MS Excel

2. Assess the normality of the following variables: claim amount, coverage, hoursehold income, and deductible (explain whether or not the variables are normally distributed, are distribution symmetrical or skewed). Explain your findings and support with descriptives (numerical and/or graphical). Hint:

3. Is there a statistical relationship between claim amount and income? Explain your findings and support with descriptives (numerical and/or graphical)

4. Is there a statistical relationship between the type of claim and marital status?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!