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Most democracies have resorted to "representative" democracies in which citizens elect individuals from their groups to represent their political needs and views.
Constant
A value that does not change and remains steady within a specified context.
Expected Value
The anticipated value for an investment or gamble, calculated as the sum of all possible outcomes weighted by their associated probabilities.
Random Variable
A variable whose possible values are outcomes of a random phenomenon, typically represented in statistical and probability analysis.
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set.
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