Qualitative Data Includes Information About the Number and Cost of Warranty

question 85

True/False

Qualitative data includes information about the number and cost of warranty work.

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Definitions:

Conditional Probability

The likelihood of one event happening when it is known that a second event has taken place already.

Union

In set theory, the combination of two sets to form a set that includes any elements that are a member of at least one of the original sets.

Independent Events

Describes two events where the occurrence of one does not affect the probability of the occurrence of the other.

Conditional Probability

The odds of an event taking place assuming another distinct event has occurred previously.