Examlex
i. A random variable is assigned numerical values based on the outcomes of an experiment. ii. A random variable is a quantity resulting from a random experiment that can assume different values by chance.
iii. The mean of a probability distribution is referred to as its expected value.
Computer Programmer
A professional who writes, tests, debugs, and maintains the code that allows software programs and applications to function.
Budget Line
A graphical representation showing the combination of goods a consumer can purchase with a fixed income.
Money Income
The total amount of monetary earnings or receipts a person or household receives within a given period.
Utility
In economics, the total satisfaction received from consuming a good or service.
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