Examlex
When trying to overcome confusion and misunderstanding in an explanatory informative presentation, the first two steps are to state the belief and then acknowledge its believability and the reasons it is believed.
Probabilities
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Coin Toss
A simple randomness procedure used to decide between two equally probable outcomes with the flip of a coin.
Expected Value
The predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Expected Value
An average value determined by weighing all potential outcomes of a random variable according to their likelihood of happening.
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