Examlex
Choose the INCORRECT statement.
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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