An insurance company is likely to attract customers like clancy who want to purchase insurance because he knows better that the company that he is more likely to make a claim on a policy. what is the term used to describe the situation above? a) adverse selection
b) moral hazardc) economic irrationality
d) asymmetric information

The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?