Mathematics, 22.04.2021 20:40 zsmart909
IHI Insurance have conducted a multiple linear regression analysis to predict the value of the number of annual claims incurred by a motor insurance policyholder (y) based on the age of the policyholder in years (x1) and the value of the car insured in thousands of dollars (x2). The analysis was based on a random sample of 500 policyholders. The ages in the sample ranged from 16 to 70 and the values of the cars in the sample ranged from $1,100 to $52,000. The multiple linear regression equation corresponding to IHI's analysis is: y^i
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IHI Insurance have conducted a multiple linear regression analysis to predict the value of the numbe...
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