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If the "Standard LP/Quadratic Engine" option is chosen in the Risk Solver Platform (RSP) task pane, RSP
An Event
In probability and statistics, an outcome or a set of outcomes from an experiment or situation.
Probabilities
The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.
Sample Space
All conceivable outcomes or results that can occur in an experiment involving probability.
Simple Events
Events in probability that consist of a single outcome and cannot be broken down into simpler components.
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