Examlex
The number of cell phone minutes used by high school seniors follows a normal distribution with a mean of 500 and a standard deviation of 50.What is the probability that a student uses more than 350 minutes?
Life Insurance
A contract between an insurer and an insured that guarantees payment to named beneficiaries upon the death of the insured.
Pay-outs
Pay-outs refer to amounts of money paid to someone, often as part of a settlement, as earnings or as a distribution from investments.
Limitation Clause
A provision in a contract that limits the amount of time within which a party can sue for breaches of the contract’s terms.
Insurance Contract
A legally binding agreement between an insurer and the insured, outlining coverage terms, conditions, and premiums.
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