Examlex
Identify and state the historical significance of the headright system.
Kurtosis
Measure of the fatness of the tails of a probability distribution. Indicates probability of observing extreme high or low values.
Skewness
A measure of the asymmetry of the probability distribution of a real-valued random variable about its mean.
Tail Risk
Risk of extreme events in the far tail of the probability distribution.
Worst-case Scenario
A situation where the most unfavorable conditions lead to the worst possible outcome for a project or investment.
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