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Essential elements
Expected Frequencies
In statistics, these refer to the counts predicted by a probability model or hypothesis, used especially in the context of chi-squared tests.
Multinomial Experiment
An experiment that can result in one of more than two possible outcomes, where each outcome has a specific probability.
Binomial Experiment
A statistical experiment that has exactly two possible outcomes for each trial and a fixed number of trials.
Portfolio Managers
Professionals responsible for making investment decisions and overseeing the composition of investment portfolios.
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