Examlex
Brad placed a drop of blood in some distilled water.What happened in the red blood cells?
Expected Value
The calculated average of all possible outcomes of a random variable, weighted by their probabilities.
Uncertain Income
Income that is not guaranteed and can fluctuate due to various factors such as business cycles, seasonal work, or freelancing.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1 where 1 indicates certainty.
Random Variable
A variable with an uncertain future value.
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