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The probability distribution that can be described by just one parameter is the
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Survivor Benefits
Financial benefits usually provided by government or private pension plans to the dependents of a deceased individual who qualified for the benefits.
Unemployment Compensation
Financial payments made to individuals who have lost their jobs, intended to provide temporary financial support.
Food Stamps
A government-issued voucher used by recipients to purchase food as part of the Supplemental Nutrition Assistance Program (SNAP), designed to assist low-income families and individuals.
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