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When one party breaches a contract,the discharged party
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon.
Standard Normal Variable
A normal random variable with a mean of zero and a standard deviation of one; used as a basis for comparison with other normal distributions.
Probability
A numeric expression ranging from 0 to 1 that indicates how probable an event is to take place.
Standard Deviation
A statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.
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