Chapter 4-4 Probability: The Basis of Insurance

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Across
  1. 2. A special type of box plot that shows all the numbers that are outliers as single points past the whiskers.
  2. 5. The possibility that an event will occur, described by a real number between 0 and 1 inclusive.
  3. 6. The quartile where 25% of the numbers in the data set are at or below Q1.
  4. 8. ______ insurance is a type of insurance that pays for part of the cost of a rented car if a car is disabled because of a collision or comprehensive-covered repair.
  5. 9. The quartile where 75% of the numbers in the data set are at or below .
  6. 11. A type of graph that shows all four quartiles and the minimum number; it is drawn to scale.
  7. 13. A statistician who provides information about risks in financial situations. They assist insurance companies in setting their rates.
  8. 15. This type of event describes two events in which the probability of one occurring is unaffected by the occurrence of the other event.
  9. 16. ________ protection is a type of coverage sometimes called no-fault insurance.
  10. 17. Three values represented by Q1, Q2, and Q3 that divide the distribution into four subsets that each contains 25% of the data.
  11. 20. A request for payment from an insurance company by a policy holder.
  12. 22. This type of event is a set of events which are not independent.
  13. 25. _________ insurance is a contract between a driver and an insurance company, where the driver agrees to pay a fee and the company agrees to cover certain accident-related costs when the driver makes a claim.
  14. 27. A type of graph or data display that displays all the data in a data set using a shorthand notation designed to save space. Every stem-and-leaf plot must have a legend describing what the different parts represent.
  15. 28. At fault for damages caused.
  16. 29. __________ insurance is a type of insurance that covers a person from damages.
Down
  1. 1. _________ liability covers personal injury if a driver is at fault in an accident.
  2. 3. A type of insurance coverage that pays for towing or road service when a car is disabled.
  3. 4. ______ insurance is a type of insurance that covers the repair or replacement of parts of an insured car damaged by vandalism, fire, flood, wind, earthquakes, missiles, falling objects, riots, tree sprays, and other disasters; it also covers if the car is stolen.
  4. 7. This is a pictorial display in which sets re re-presented as circles enclosed by a rectangle representing the universal set.
  5. 10. ________ liability is a type of insurance coverage that pays for damage a driver causes to another person’s property.
  6. 12. The _______ range is the difference between the upper and lower quartiles; found by subtracting Q3 − Q1.
  7. 14. Responsible for damages caused.
  8. 18. A rectangular array used to depict a relationship between two categorical (qualitative) variables.
  9. 19. The outcome of an experiment.
  10. 20. This type of insurance is usually required if there is a loan on the car.
  11. 21. An extra fee paid to an automobile insurance company for dividing an annual premium into monthly, quarterly, or semiannual payments.
  12. 23. Part of the repair or damages that a driver has to pay before the insurance company pays.
  13. 24. The amount paid for an insurance policy.
  14. 26. The probability that an event will occur given than another event has already occurred.