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A Probability Distribution Is a Listing of All Possible Outcomes,or

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A probability distribution is a listing of all possible outcomes,or events,with a probability assigned to each outcome.


Definitions:

Equilibrium Price

Equilibrium Price is the price at which the quantity of a good demanded equals the quantity supplied, leading to market stability.

Health Insurance

A kind of insurance policy that reimburses the insured for their medical and surgical bills.

Equilibrium Price

The equilibrium price in the market, where the quantity of items provided meets the quantity of items consumers wish to buy.

Health Insurance

A form of insurance coverage that pays for an individual's medical and surgical expenses.

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