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TABLE 4-4
Suppose that patrons of a restaurant were asked whether they preferred beer or whether they preferred wine. 70% said that they preferred beer. 60% of the patrons were male. 80% of the males preferred beer.
-Referring to Table 4-4, the two events "preferring" beer and "preferring" wine are statistically independent.
Indemnity Action
A legal action seeking compensation for damages or loss from another party as recompense for harm suffered.
Duty To Defend
The duty to defend entails a legal obligation, often found in insurance policies, where the insurer must provide legal defense to the insured party in case of a lawsuit that falls under the policy coverage.
Compensatory Damages
Monetary awards issued to a plaintiff to compensate for actual losses, injuries, or damages they have incurred.
Liability Case
A legal dispute or lawsuit in which the plaintiff seeks damages from the defendant due to injury or loss caused by the defendant’s actions or negligence.
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