The Percentage of Times That a Specific Result Would Occur

question 1

True/False

The percentage of times that a specific result would occur if an individual were to make the same decision a large number of times is referred to as risk.

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Definitions:

Normally Distributed

Refers to a probability distribution that is even on both sides of its mean, indicating that values close to the mean happen more often than values far from the mean.

Standard Deviation

Represents the extent to which values in a data set differ from the average value.

Weekly Earnings

The amount of money an individual earns from work in a typical week.

Bus Drivers

Individuals who operate buses, transporting passengers between locations following a predetermined route.