Examlex
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Expected Value
The long-run average value of repetitions of the experiment it represents, often used in probability and statistics to predict outcomes of random events.
False Positive
An error in data testing in which a test result improperly indicates the presence of a condition (such as a disease when it is not present).
Expected Gain
The anticipated value or profit that results from a particular action or decision, often calculated in statistical or financial models.
False Negative
An error in test results in which a positive condition is incorrectly reported as negative.
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