Standard Deviatoin
- Measure of spread (larger standard deviation means a larger spread)
- Measure of spread of data in relation to the mean
- Affected by outliers
Insurance PREMIUMS and discounts
A motor insurance premium (regular fee) depends on factors such as
Some companies give a few different types of discount
#Need to complete a CLAIM FORM and pay an excess (money towards the costs
- vehicle types
- driver age and gender
- driving record
- home suburb
- ownbers traffic record of "at fault" accidents and moving traffic offences
Some companies give a few different types of discount
- Loyalty discounts If you have been with them 7 yrs +
- Multipolicy discounts Having more than 1 type of policy at the same time.
- No-claim discounts Made no claim for several years. If you have an accident and it is your fault, an assessor eill view the damage and assess the costs involved.
#Need to complete a CLAIM FORM and pay an excess (money towards the costs