Question

You have been asked to analyze data on customer cancellations within 60 days of purchasing insurance with GEICO, and are given the characteristics of the policy (payment plan, number of vehicles, coverage choices, etc.) along with cancellation (Yes or No). The goal of the analysis is to determine if a certain payment plan we offer leads to significantly lower cancellation rates. How would you approach this problem

Answer 1

Step-by-step explanation:

I would simply approach this like a simple coding question. Firstly, I would see if the data is less than 60 days since purchase, if not then I would move on to the next piece of data. If it is less than 60 days then I would analyze the characteristics of the plan to see which plan it compares to. Once I do this then I would analyze to see if it was cancelled if so I add 1 to the amount of that plan that was cancelled, otherwise I move on to the next piece of data. Once all the data is analyzed I then compare all the plans and see which plan has the most cancellations within the 60 days of purchase.