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An Insurance Company Has Collected the Following Data on the Gender

question 104

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An insurance company has collected the following data on the gender and marital status of 400
Customers. 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. A)  P(single male)  = 25/240, P(single female)  = 50/160, therefore more likely to be a single male B)  P(single male)  = 25/400, P(single female)  = 50/400, therefore more likely to be a single female. C)  P(single male)  = 290/400, P(single female)  = 185/400, therefore more likely to be a single male D)  P(single male)  = P(single female)  therefore equally likely
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.

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Definitions:

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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