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Probability
Probability quantifies the likelihood of an event occurring, ranging from 0 (impossible) to 1 (certain), and is a fundamental concept in statistics.
Standard Deviation
A statistical measure of the dispersion or variation in a set of values, indicating how spread out the values are from the mean.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.
Payoff
The return or reward received from an investment or action.
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