Examlex
Investors who want to generate a steady and predictable flow of income often find bonds and preferred stocks to be attractive investments.
Variance
A statistical measure that represents the average squared deviation from the mean, indicating how spread out a data set is.
Law of Total Probability
A fundamental rule that provides a way to break down the probabilities of complex events into more manageable pieces.
Mutually Exclusive
Events that cannot occur at the same time, meaning the occurrence of one event makes it impossible for the other event to occur.
Exhaustive
Pertaining to a comprehensive or complete method or approach that leaves no aspect unexplored or unaddressed.
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