Examlex
Customer name,invoice number,and order date are examples of __________.
Expected Value
The anticipated value for a given investment or decision in probabilistic terms, calculated as the weighted average of all possible values.
Continuous Probability Distributions
Mathematical functions that describe the likelihood of any value within a continuous range occurring in a random variable.
Normally Distributed
A type of continuous probability distribution characterized by a bell-shaped curve symmetric about the mean.
Gasoline Prices
The cost per unit of gasoline, which can fluctuate based on factors like crude oil prices, taxes, demand, and supply situations.
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