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Age of applicants for life insurance and...

Age of applicants for life insurance and the premium of insurance,

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To analyze the correlation between the age of applicants for life insurance and the premium of insurance, we can follow these steps: ### Step 1: Understand the Variables We have two variables: - **Age of Applicants (X)**: This is the independent variable. - **Premium of Insurance (Y)**: This is the dependent variable. ### Step 2: Analyze the Relationship As the age of applicants increases, the premium of life insurance also tends to increase. This is because older individuals are generally considered to be at a higher risk for insurance companies, leading to higher premiums. ### Step 3: Determine the Type of Correlation Since both variables (age and premium) increase together, we can conclude that there is a positive correlation between them. This means that as one variable increases, the other variable also increases. ### Step 4: State the Conclusion The relationship between the age of applicants for life insurance and the premium of insurance is a positive correlation. This indicates that older applicants tend to pay higher premiums for life insurance. ### Final Answer The correlation between the age of applicants for life insurance and the premium of insurance is positive. ---
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