Fraud and buildup in auto injury claims Pushing the limits of the …
Fraud and buildup in auto injury claims Pushing the limits of the auto insurance system. read more…
Filing An Auto Insurance Claim
Provide your agent all the requested information for your auto insurance claim and be sure to keep records for yourself including names and phone numbers for anyone you deal with and copies of all paper documentation. … read more…
How to Earn Money Online UK With Affiliate Marketing | Blogastik Blogs
If you do have to make a claim to your provider, then your collision coverage will pay for the damages to your vehicle. However your auto insurance will not pay for any expenses related to your injuries. These will be covered by your … read more…
From Google Blog Search
Why Do You Need A Personal Injury Attorney?
Reading about statistics can be extremely boring. And it has been proven countless times that statistics can be manipulated to show just about anything that the researcher wants it to show. It is refr… read more…
Making an Insurance Comparison
No one wants to be “taken” on their insurance premiums. It is hard not to view these payments as money down the drain, so many of us use price quotes as the deciding factor when we select auto, home o… read more…
Conditions for Auto Transport Contract
Before transporting your vehicle make sure that you prepare your vehicle for transport. Make sure you disable your alarm, protruding accessories and/or low hanging spoilers etc. If there is any faul… read more…
From GoArticles.com
Open Question: Auto accident??? insurance?
just wondering how much will my car insurance go up if i file a claim?? there was no injuries and no damage to the other partys car. my car was estimated $4000 of damage to fix..
Open Question: Auto insurance company that wants me to pay upfront?
I need general information concerning car insurance complanies that pay claims directly to the driver. They want me to absorb all costs (repairs, rental, etc.) and then they will issue me a “reimbursement” check. I don’t want reimbursed for something that their insured driver did to me. I just want them to cover all costs associated with the claim. What, if any, legal action can I take to have the matter proceed in my favor?
Open Question: Statistics xtra credit! 10 points!Help!Please!?
Extra credit. I’m having trouble with D-F . My answers:
a)20%
b) 5 classes
c)+/- 1.96 something along those lines.?
Can someone help me get on the right track please.??
You are an associate assigned to the claims department of a major insurance company. A policy holder has had an accident with his classic 1968 Oldsmobile Cutlass Supreme.
At issue is the consideration of his brakes. Recently, he was driving down the road and was apparently unable to stop in time when a woman driving a 2004 Porsche Boxster “S” pulled out in front of him; subsequently, he “T-boned” the Porsche. Injured in the accident were the, driver of the Porsche, who was 7 months pregnant with twins and her elderly mother-in-law who has cerebral palsy; both of which were from out of town.
Now with their only means of transportation “totaled” they are stranded.
The Porsche driver’s insurance company, which is USAA, contends that your policy holder is at fault because his car was not up to current standards. There seems to be a difference in the braking distance between vintage brake shoes and current ones.
Your policy holder is a self proclaimed, “shade tree” mechanic and a classic car enthusiast. As a matter of fact, he once owned a rather successful auto mechanic business and is now the President of the State of Florida Oldsmobile Club which has a substantial lobby in Tallahassee.
Your boss decided that because you are enrolled in a statistics class you should be pressed into service to assist and, as such, you have questioned the policy holder
extensively. From your investigation you discover that he does his own work and recently replaced his brakes with a vintage brand of asbestos brake shoes. The contention is that modern brake shoes stop a vehicle which is traveling at 35 mph (which your policy
holder was proven to be doing) at 20.5 feet, give or take one foot either side.
Your company’s research department gathered the following in support:
Out of 42 sets available, worldwide, of vintage asbestos brake shoes, 20 were selected for testing. Below are the results:
23.2 18.1 19.2 20.3 23.0
26.0 24.6 16.9 17.3 23.4
28.6 17.2 23.2 18.7 19.6
20.8 24.2 25.0 19.8 17.6
Questions;
A. What is the percentage of these pads that fall within the current and
more modern parameters?
B. Arrange this data in class intervals and construct a Frequency
Distribution chart.
C. Construct a confidence interval to predict the boundaries of this
parameter.
D. Your policy holder actually contends that the vintage brake shoes exceed the modem standards. Is there evidence that would suggest he is correct?
E. Assuming that the stopping distance between the vintage brake shoe and the modem equivalent is the same, what is the probability that either one tested will stop a vehicle of this size or larger, within 5 feet of the true mean?
F. What is the probability that the difference between the stopping distance with the vintage brake pads and the stopping distance of the newer style brake pads being as large as reported or larger if there is no difference in the true stopping distance averages between the two styles?
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