Examlex
Which of the terms is NOT synonymous with the others?
Optimal Act
The best possible action or decision, typically the one that maximizes the expected outcome or utility.
Bayesian Statistics
A statistical method that applies probability to statistical problems, focusing on the posterior distribution of parameters by incorporating prior knowledge.
Probability Distributions
Mathematical functions that provide the probabilities of occurrence of different possible outcomes for an experiment.
Expected Value
A calculated average of all possible values in a random variable, weighted by each value's probability of occurrence.
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