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The Weighted Average of the Possible Values That a Random

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The weighted average of the possible values that a random variable X can assume,where the weights are the probabilities of occurrence of those values,is referred to as the:

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Definitions:

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Product/Market Combination

The pairing of a specific product with its target market segment, aiming at optimizing its appeal and sales.

Quantitative Goal

A specific, measurable target based on numerical values or data.

Repeat Customers

Individuals who repeatedly purchase goods or services from the same business, demonstrating loyalty and satisfaction.

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