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Your clients, Jack and Samantha are 28 and 26, respectively. Samantha just gave birth to the couple's first child, a daughter, three months ago. Neither has much investment experience and they are both conservative in respect to risk. They come to you for advice regarding a life insurance policy-one that would help provide financial resources should anything happens to either of them. Which of the following policies would be the least suitable given their situation?
Sample Proportion
The fraction of items in a sample that are of a particular type or category.
Parameter
A quantity that defines certain characteristics of a system or function, often used in statistical analysis to represent a population attribute.
Registered Voters
Individuals who have officially registered to vote in elections within a specified area.
Margin of Error
An expression of the amount of random sampling error in a survey's results, representing the extent to which the survey result is expected to vary from the true population value.
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