4. Assume that the probability that an individual changes residence during the year is 0.21. A survey is taken of five individuals. (a) Write out the elements in the sample space. (b) What is the probability that exactly three out of the five individuals move during the year? (c) What is the probability that at least one of the five individuals moves during the year?

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.