Examlex
How do policy analysts encourage and support good policy choices?
Expected Value
A calculated average outcome of a random event, considering all possible outcomes and their probabilities.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values.
Absolute Value
Represents the distance of a number from zero on the number line, disregarding its direction (positive or negative).
Probability
A branch of mathematics that deals with calculating the likelihood of a given event's occurrence.
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