Examlex
Identify and state the historical significance of the following:
-Lusitania
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon, used in probability and statistics to model randomness.
Expected Value
The anticipated value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Variance
An indicator of the distance between values in a dataset, reflecting how much each value deviates from the average.
Random Variable
An entity whose outcomes are numerical and stem from a random process.
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