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Find the indicated probability. Express your answer as a simplified fraction unless otherwise noted.
-The table below shows the soft drinks preferences of people in three age groups. If one of the 255 subjects is randomly selected, find the probability that the person is over 40 years of age.
Trimmed Mean
A method of averaging that removes a specified percentage of the largest and smallest values before calculating the mean, often used to reduce the effect of outliers.
Bootstrap Standard Error
A measure of the variability or dispersion of a statistic's sampling distribution, estimated using the bootstrap resampling method.
Critical Value
A threshold value in hypothesis testing that defines the boundary of the rejection region; values beyond this indicate statistical significance.
Confidence Interval
A spectrum of numerical values, derived from the analysis of a sample, likely to enclose the value of an elusive population parameter.
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