Examlex
Which of the following best describes the location of "B" climates?
Coin Toss
A random method used to determine a decision, consisting of throwing a coin into the air and checking which side is facing up when it lands.
Expected Value
A statistical concept that calculates the average outcome of a probability event or investment over the long term.
Expected Value
The anticipated value for an investment or probability-weighted average of all possible values in a given situation.
Probabilities
Probabilities measure the likelihood of a particular event or outcome occurring, expressed as a number between 0 (impossible) and 1 (certain).
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