Examlex
The basic unit of union organization is the
Joint Probability
The chance that two or more incidents will happen concurrently.
Variances
Measures of the dispersion of a set of data points around their mean value, indicating how spread out the data points are.
E(XY)
The anticipated outcome of multiplying two stochastic variables together, showing how their variances are interconnected.
COV(X,Y)
A measure of the degree to which two variables X and Y move together, indicating the strength and direction of their linear relationship.
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