Examlex
Which of the following is used to determine if a family is in poverty?
Classical Method
A traditional approach in statistical inference focusing on hypothesis testing and estimation based on fixed sample sizes.
Probabilities
Measures of how likely it is for an event to occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Mutually Exclusive
Refers to events that cannot occur at the same time in probability theory; the occurrence of one event means the other cannot happen.
P(A ∪ B)
The probability that at least one of two events A or B occurs.
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