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Use the following table to answer the question. A random sample of 200 new vehicle buyers were asked to respond to a survey about what kind of vehicle they purchased. One question, summarized in the table below, asked each respondent to choose the vehicle that best described the type of vehicle that they purchased. The vehicle choices were car, pick- up truck, sport utility vehicle, van, or other.
-If one person is chosen randomly from the group, what is the probability that the person purchased a sport utility vehicle or a pick- up truck?
Short-term Predictions
Forecasts made over a relatively short period, typically focusing on immediate or near-future trends or events.
Cyclical Variation
Periodic fluctuations in data or trends that happen over longer time intervals and are often related to economic, environmental, or societal cycles.
Seasonal Variation
A pattern seen in statistical data that occurs at regular intervals due to seasonal factors.
Random Variation
The unpredictability in the behavior or outcome of a process, due to the influence of random factors or noise.
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