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Which statement is incorrect?
Probability Distribution
An analytical function that describes every probable value and its likelihood for a random variable over a predefined interval.
Stock of the Economy
The stock of the economy refers to the total value of all assets and investments available within an economy at a given time.
Expected Standard Deviation
A measure of the amount by which an asset's return is expected to deviate from its average return, used as an indicator of the risk associated with the asset.
Probability Distribution
A function used in statistics to illustrate all potential outcomes and their respective probabilities for a random variable within a fixed range.
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