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Instruction 2 Xf1142183124551\begin{array} { | l | l | } \hline X & f \\\hline 1 & 14 \\\hline 2 & 18 \\\hline 3 & 12 \\\hline 4 & 5 \\\hline 5 & 1 \\\hline\end{array}

question 37

Multiple Choice

Instruction 2.1
An insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for automobile insurance. A representative from a local insurance agency selected a random sample of insured drivers and recorded, X, the number of claims each made in the last three years, with the following results.
Xf1142183124551\begin{array} { | l | l | } \hline X & f \\\hline 1 & 14 \\\hline 2 & 18 \\\hline 3 & 12 \\\hline 4 & 5 \\\hline 5 & 1 \\\hline\end{array}
-The length of each bar in a bar chart represents the

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Definitions:

Probability

An evaluation of event occurrence likelihood, represented as a numerical value ranging between 0 and 1.

Standard Normal Table

A reference table that provides the area under the curve of the standard normal distribution, often used to find probabilities and critical values.

Mutually Exclusive Events

Two or more events that cannot occur at the same time, making it impossible for them to happen simultaneously in any given trial.

Probabilities

The quantification of how likely an event is to happen, expressed as a number ranging from 0 to 1, with 0 meaning it cannot occur and 1 meaning it will definitely happen.

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