Estimate the Probability of the Event $0 =$ FOR, 1 = AGAINST

question 17

Multiple Choice

Estimate the probability of the event.
-A polling firm, hired to estimate the likelihood of the passage of an up-coming referendum, obtained the set of survey responses to make its estimate. The encoding system for the data is: $0 =$ FOR, 1 = AGAINST . If the referendum were held today, estimate the probability that it would pass.
$$0,1,1,0,0,1,0,1,1,0,0,0,1,0,1,0,0,0,1,0$$

• A) 0.4
• B) 0.5
• C) 0.65
• D) 0.6

---

Definitions:

Subrogation

The legal process by which an insurance company, after paying a loss to its insured, acquires the insured's rights to pursue any third party responsible for the loss.

Exoneration

The act of being absolved from blame or responsibility, particularly in a legal context.

Reimbursement

Reimbursement involves compensating someone for expenses they have incurred on your behalf.

Security Interest

A security interest is a legal claim or right granted by a borrower to a lender as collateral for a loan, securing payment or performance of an obligation.