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Probability Distribution
A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.
Economic Conditions
The current state of the economy, encompassing factors like inflation, unemployment rates, and growth rates.
Standard Deviation
Standard deviation is a measure of the dispersion or variability of a set of data points, indicating how much the individual data points differ from the mean value.
Stand Alone Risk
The risk associated with a particular investment or project considered in isolation from the rest of the portfolio or company's operations.
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