Examlex
Briefly describe the three predominant theories of decision making discussed in the chapter and the main emphasis in each that differentiate one from another theory.
Probability Density Function
A function that describes the likelihood of finding a continuous random variable within a particular range of values.
Random Variable
A variable with values that are contingent upon the results of a stochastic event.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely to occur.
Continuous Random Variable
A variable that can take an infinite number of possible values in a continuum within a given range, such as any real number between two points.
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