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Accidents and Rain
A statistician investigating the relationship between the amount of rain (in inches)and the number of automobile accidents gathered data on accidents in her city for 10 randomly selected days throughout the year.The results are shown below.
-{Accidents and Rain Narrative} What other variables might be associated with accidents,besides or along with rain?
Bank Guarantee
A financial instrument provided by a bank on behalf of a client, ensuring payment to a beneficiary if the client fails to fulfill contractual obligations.
Contingent Liability
A potential financial obligation that may arise in the future, dependent on the occurrence of certain events.
Liability
An obligation arising from past transactions or events, which may result in an outflow of resources embodying economic benefits.
Provision
An amount set aside in the accounts to cover a probable future expense or liability, recognized for known obligations of uncertain timing or amount.
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