Examlex
Identify and discuss the various components of a nominal interest rate.
Probability Distribution
A mathematical function that calculates the probability of different possible results occurring in an experiment.
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon.
Poisson Distribution
A discrete frequency distribution which gives the probability of a number of independent events occurring in a fixed time.
Mean
The arithmetic average of a set of numbers, found by dividing the sum of all numbers by the count of numbers.
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