Examlex
Which one of the following is a use of cash?
Probability
The measure of likelihood that an event will occur, expressed as a number between 0 and 1.
Random Variable
A variable whose values depend on outcomes of a random phenomenon. It can be discrete or continuous.
Standard Deviation
A metric that quantifies the spread or variation of a dataset in comparison to its average value.
Normal Model
A probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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