Examlex
Match the following:
-Decoding
Odds
The ratio of the probability of an event happening to the probability of it not happening, often used in gambling and statistics.
Probability
A numerical representation, ranging from 0 to 1, indicating the probability of an event's occurrence.
Explanatory Variable
An explanatory variable is a type of independent variable that is used to explain variations in the dependent variable.
Statistical Inference
The process of drawing conclusions about a population's characteristics based on a sample drawn from it.
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