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What Is the Process by Which a Bursting Bubble Leads

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What is the process by which a bursting bubble leads to a financial meltdown?


Definitions:

Proportion

A statistical measure that represents the fraction of the total number of outcomes in a given category relative to the total number of outcomes in all categories.

Observations

Data collected or measured during an experiment or survey. They are the individual values recorded during the statistical study.

Fair Die

An idealized die where each face has an equal probability of landing up, implying fairness and randomness in the outcome.

Expected Proportion

The predicted likelihood of an event occurring in a specific category or group.

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