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A post-dated instrument is not negotiable.
Marginal Probability
The probability of an event occurring, regardless of the outcomes of other variables; it is calculated by summing the probabilities of the event across all values of the other variables.
E(X + Y)
The expected value of the sum of two random variables, equal to the sum of their individual expected values.
Covariance
A measure that indicates the extent to which two variables change together, but does not indicate the strength of their relationship.
Independent
Not influenced by or dependent on another variable; in statistics, it often means that the occurrence of one event does not affect the probability of another event.
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