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Probability Distribution
Describes how the probabilities are distributed over the values of a random variable.
Expected Value
The expected value of a variable, determined by summing up all possible values, each weighed by its probability of happening.
Sampling Distribution
The probability distribution of a given statistic based on a random sample, used to make inferences about the population.
Variance
A measure of the spread of numbers in a data set, indicating how far each number in the set is from the mean.
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