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Normally Distributed
This describes a type of continuous probability distribution for a real-valued random variable where data is symmetrically distributed around the mean.
Gasoline Prices
The cost per unit volume of gasoline, typically influenced by supply and demand factors, taxation, and global oil prices.
Exponential Distribution
Exponential Distribution is a statistical distribution used to model the time between events in a Poisson process, describing phenomena such as the time until a radioactive particle decays.
Expected Value
The anticipated value for a given investment or decision in probabilistic terms, calculated as the weighted average of all possible values.
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