ex1714: Insurance

Description Usage Format Source References Examples

Description

In the 1970's the U.S. Commission on Civil Rights investigated charges that insurance companies were attempting to redefine Chicago “neighborhoods” in order to cancel existing homeowner insurance policies or refuse to issue new ones. Dataset has data on homeowner and residential fire insurance policy issuances from 47 zip codes in the Chicago area.

Usage

1

Format

A data frame with 47 observations on the following 8 variables.

Zip

last 2 digits of zip code

Fire

fires per 1000 housing units

Theft

thefts per 1000 population

Age

percentage of housing units built prior to 1940

Income

median family income

Race

percentage minority

Vol

number of new policies per 100 housing units

Invol

number of FAIR plan policies and renewals per 100 housing units

Source

Ramsey, F.L. and Schafer, D.W. (2002). The Statistical Sleuth: A Course in Methods of Data Analysis (2nd ed), Duxbury.

References

Andrews, D.F. and Herzberg, A.M. (1985). Data: A Collection of Problems from many Fields for the Student and Research Worker, Springer-Verlag.

Examples

1

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