Examlex
A deductible is a fixed amount that the insured person must pay before their insurance kicks in.
Normal Random Variable
A variable that follows a normal distribution in its value distribution.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how spread out the numbers are from the mean.
Mean
The arithmetic average of a set of values, calculated by adding all the values together and then dividing by the number of values.
Standard Deviations
An indicator of how much the values in a collection differ from each other.
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