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Choose the INCORRECT Statement

question 54

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Choose the INCORRECT statement.


Definitions:

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Different Values

The variation in importance, worth, or usefulness that individuals or societies attach to various factors or actions.

Expected Value

A calculation reflecting the average expected outcome of a probabilistic event, considering all possible outcomes weighted by their chances of occurrence.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

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