Examlex
An insurance company has collected the following data on the gender and marital status of 400
Customers.
Suppose that a customer is selected at random. Is it more likely to be a single female or a single
Male? Determine the probabilities of each.
Correlation
A statistical measure that indicates the extent to which two or more variables fluctuate together, without implying causation.
Causation
The relationship between cause and effect, where an action or event directly leads to another action or event.
Placebo Effect
A phenomenon where a person experiences a beneficial effect from a treatment due to their expectations, rather than from the treatment itself.
Positive Expectations
The anticipation or belief that one will experience positive outcomes in the future.
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