Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 1 - The Nature of Probability and Statistics - Chapter Quiz - Page 36: 15

Answer

Two uses of probability are "gambling" and "insurance industry" (among many others). (Inferential statistics uses probability to reach conclusions.)

Work Step by Step

Two uses of probability are "gambling" and "insurance industry" (among many others). (Inferential statistics uses probability to reach conclusions.)
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