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Probability in daily life

📅 November 17, 2025 ✍️ Edu Essay ⏱ 1 min read

Question description

Would you be upset if your insurance rates increased due to “overconsumption of unhealthy substances?”What sort of statistics or probabilities would you need to see to convince you that this “unhealthy substance bump” in insurance rates was justified?Do insurance companies have any business making rate determinations based on statistics that accurately describe personal choices?

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