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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.
-The length of each bar in a bar chart represents the
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.
Q4: Referring to Instruction 2.6,_ apartments rented for
Q43: Referring to Instruction 2.6,the percentage of apartments
Q53: A sample is the portion of the
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Q110: Since there have been tremendous changes in
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Q120: Assuming that the two events are independent,the
Q131: Referring to Instruction 2.11,_ % of the
Q134: Compiling the number of registered voters who