Write the Word or Phrase That Best Completes Each Statement

question 38

Essay

Write the word or phrase that best completes each statement or answers the question.
Construct a probability model for the experiment.
-Rolling a 6-sided fair die twice

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Definitions:

Incapacity

The lack of ability, qualification, or strength to do something; specifically, the legal inability to enter into a contract.

Principal

A principal is a person or entity for whom another acts as an agent. In business contexts, it can also refer to the main party to a transaction who has the rights and responsibilities from the agreement.

Subrogation

The legal right for an insurer or third party to pursue a legal right or a claim against a wrongdoer on behalf of the insured party.

Expenditures

The act of spending or disbursing money, often related to business or government transactions.