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Delving Deeper
Delving Deeper: Differentiated Insurance Contracts

Tanja Van Hecke Edited by J. Kevin Colligan, Maria Fung, Dan Kalman, and Jeffrey Wanko 

May 2012, Volume 105, Issue 9, Page 712

Abstract:
By examining pricing for insurance for a moped, students can explore the theory of systems of inequalities and the topic of distributions in statistics. Fair systems for determining the premium (taking into account cautious and reckless drivers) are considered.

Keywords:
Distributions
Data Analysis & Statistics
Grades 9-12
Teacher
Modeling