Question
The 'No Claim Bonus' is calculated based on:
Solution
The No-Claim Bonus (NCB) is calculated based on the claim history of the insured. If no claims are made during the policy period, the NCB increases, resulting in lower premiums for subsequent policy renewals.
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Find the range of the given data:
88, 76, 92, 85, 73, 66, 59, 95, 81
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Which term of the arithmetic progression 88, 90, 92, 94... is 142?
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