Cindy Was Contacted by Her Home Insurance Agent to Discuss

question 41

Multiple Choice

Cindy was contacted by her home insurance agent to discuss ways to decrease her premium.Which of the following should NOT reduce her premium?

• A) Installing an alarm system.
• B) Increasing the amount of coverage.
• C) Installing smoke detectors or a fire extinguisher.
• D) Increasing her deductible.
• E) All of these should reduce her premium.

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Definitions:

Defective Candy Bars

Candy bars that do not meet the production quality standards due to flaws.

Sample Size

The total number of instances or replications incorporated in a statistical sampling.

Population Proportion

The fraction or percentage of the population that exhibits a specific attribute or characteristic.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, reflecting how the statistic varies from sample to sample.