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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.
-Referring to Instruction 2.1,how many drivers are represented in the sample?
Pooled Variance
Acombined estimate of variance for two or more groups in a sample, assuming that the populations have equal variances.
Sampling Distribution
The distribution of a statistic (like the mean or variance) derived from a large number of samples drawn from a specific population.
Sample Mean Difference
The difference between the average values from two samples, used in hypothesis testing to compare two groups.
Equal-variances Test
A statistical test used to determine if two populations have the same variance.
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