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In: Statistics and Probability

Consider the following scenario and address the questions that follow. Your leader has asked you to...

Consider the following scenario and address the questions that follow.

Your leader has asked you to evaluate the defects based on insurance claim type (auto vs. injury). You have a total of 600 claims, with 400 auto, 200 injury, 100 with a defect, and 60 auto or has a college degree.

1. Provide at least three relevant probabilities for the leader that will be important for use in making business decisions.

2. Explain why the selected probabilities are important.

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orchestra answered 2 years ago
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