Examlex
Compare and contrast joint ventures and strategic alliances.
Discrete Random Variable
A variable that assumes a finite number of unique values, typically signifying the results of a stochastic process.
Continuous Random Variable
A type of random variable that can take an infinite number of possible values within a given range, often associated with measurements.
Expected Value
The sum of all possible outcomes of a random process, each multiplied by its probability of occurrence.
Variance
A measure of the dispersion of a set of data points around their mean; mathematically, it is the average of the squared differences from the mean.
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