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Examine the application of statistical functions and derivatives as instruments for measuring risks. Competency Examine the application of statistical functions and derivatives as instruments for measuring risks. Instructions You will assume the role of a senior analyst hired by a fictitious company, Premium Acceptance, a midsized property insurance carrier. Premium Acceptance is performing well with … Read more

Classify each variable as qualitative or quantitative discrete or quantitative continuous Identify the variables in the dataset Classify each variable as qualitative or quantitative discrete or quantitative continuous Specify the possible values of each variable Give a brief written description of what each variable tells us about the data provided. Steps Open the Heart Rate … Read more

Diagnose and interpret the skewness of at least two different continuous variables. Use SPSS explore for a continuous variable, and explain why this feature is useful. Using a continuous variable, demonstrate ability to find outliers. Provide a graphical representation and a written explanation. (If no outliers are present, create an outlier in your dataset to … Read more

Demonstrate your understanding of homoscedasticity and heteroscedasticity. Homoscedasticity and Heteroscedasticity Follow the instructions below to demonstrate your understanding of homoscedasticity and heteroscedasticity. Select 2 continuous variables from your dataset.  You will use those variables to create a scatterplot using SPSS. Copy and paste the scatter plot output to a Word document and label the scatterplot … Read more