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In this project we set X to be the profit of the insurance company from selling you an insurance policy. This is just one of
In this project we set X to be the profit of the insurance company from selling you an insurance policy. This is just one of many applications of random variables. Which other random variable (discrete or continuous) would you be interested in studying and why? answer the question and tell whether the random variable is discrete or continuous. Use the following template to define 1 discrete and 1 continuous random variable: "Let V be __________ of a randomly selected __________ then V is ______________ random variable because ________________
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