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True or False? The more lottery tickets you buy, the higher is your chance to win a prize. Health insurance policy is designed in such
True or False?
The more lottery tickets you buy, the higher is your chance to win a prize.
Health insurance policy is designed in such a way that a healthy person has a negative expected value, and an ailing one has a positive expected value.
Because the tails of the normal distribution curve are infinitely long, the total area under the curve is also infinite.
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