Examlex
People may form attitudes based on simple observations of ________.
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.
Discrete Random Variable
A discrete random variable is one that takes on countable values, often resulting from outcomes of a statistical experiment.
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