Examlex
The easiest risks to reduce by diversification are those associated with positively correlated events.
Black
A color which is the result of the absence or complete absorption of visible light.
Probability
The numerical rating, from 0 to 1, indicating the chance an event will happen.
Fair Die
A die that is perfectly balanced, ensuring that each of its faces has an equal likelihood of landing up when thrown.
Probability
A rephrased definition: A statistical metric that quantifies the chance that a specific event or outcome will happen.
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