What Is the Probability Theory? Define Probability and Expected Value

question 20

Essay

What is the probability theory? Define probability and expected value.How are they related to each other?

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Definitions:

LSAT

The Law School Admission Test, a standardized test administered by the Law School Admission Council for prospective law school candidates.

Logic Games

Puzzles or problems that require the use of logical reasoning to solve.

Tautology

A statement or formula that is true in every possible interpretation, an irrefutable assertion.

Equivalent Statements

Phrases or sentences that express the same idea or proposition in different words.