Probability of Female Age A 30-year-old woman wants to purchase a $100,000 one-year life insurance policy. What should the insurance company charge the woman for the policy if it wants an expected profit of $80? Death 0.00060 0.00080 0.00095 20 30 40 50 0.00315 The company should charge her $

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Q: A tree cutting business has an insurance policy to cover any damages caused during the tree cutting…

A: Given information: P(Damage) = 0.002  P(No Damage) =1- P(Damage) =1-0.002=0.998

Q: GED: In a certain high school, the probability that a student drops out is 0.03, and the probability…

A: Let D=a students drops out G= a students get GEDgiven,P(D)=0.03P(G|D)=0.32

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A: Follow the procedure given below.

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Q: None

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Q: Team Conf Yds/Att Int/Att Win% Arizona Cardinals NFC 6.3 0.041 50.1 Atlanta Falcons NFC 7.0 0.021…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.