The Question of Policy Loss


The Problem

Many insurance companies provide discounts for multiple cars covered under the same policy. Do these multiple car discount policies incur less loss than non-multiple car policies?

Background Information

None available at this time.

Materials Included

  • Database of policy number, type of policy, and monetary loss incurred
  • Explanations for making a histogram
  • Explanation for Wilcoxon Rank-Sum Test & Sign Test
  • Instructions for making a box & whisker plots
  • Solutions and suggestions