Examlex
__________ is a reduction in market controls in favor of market-based competition.
Discrete Random Variable
A variable that can take on a countable number of possible values, often representing counts or categories.
Expected Value
The long-run average or mean value of random variables, indicating the anticipated outcome of an experiment if it were repeated many times.
Discrete Random Variable
A variable that assumes a finite number of unique values, typically signifying the results of a stochastic process.
Continuous Random Variable
A type of random variable that can take an infinite number of possible values within a given range, often associated with measurements.
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