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Compare and Contrast the Difference Between Prevalence and Incident

question 3

Essay

Compare and contrast the difference between prevalence and incident. Why is it important to know both?


Definitions:

Portfolio

A selection of monetary assets, covering equities, fixed-income securities, commodity holdings, liquid assets, and assets nearing cash, containing mutual funds and Exchange-Traded Funds.

Stocks

Shares representing ownership interests in corporations, allowing investors to claim on businesses' assets and earnings.

Variance

The average of the squared differences from the mean, providing a measure of how spread out numbers are.

Binomial Distribution

The binomial distribution is a probability distribution that summarizes the likelihood of obtaining a fixed number of successes in a fixed number of trials with a specific probability of success in each trial.

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