Which of the following statements is (are) true concerning the use of an individual's credit history as an insurance rating factor?
I. Individuals with poor credit histories, as a group, generally file fewer homeowners claims than do individuals with good credit histories.
II. A poor credit history can be improved over time, allowing for the purchase of homeowners insurance at a lower premium.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Which of the following statements about a free pricing strategy is false?
A) Free products and services can knock out potential and actual competitors. B) The free pricing strategy was born in the early days of the Web. C) It is difficult to convert free customers into paying customers. D) Free products and services can help build market awareness.
A recent study was conducted to determine if any of three suppliers of electronic components has a different median delivery time on special orders. To test this, five orders were given to each supplier and the delivery days were recorded
These data are shown as follows: Supplier 1 Supplier 2 Supplier 3 15 11 15 19 7 9 13 19 5 10 10 12 20 12 10 If a Kruskal-Wallis test is to be performed, the critical value for a test conducted using an alpha = .05 level is ?2 = 11.0705 Indicate whether the statement is true or false