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Expected Value Vocab

TermDefinition
Probability Distribution represents a numerical value assigned to an outcome of a probability experiment; represented by the letter "X"
Discrete Random Variable a random variable that must be represented using whole numbers
Continuous Random Variable a random variable that can be represented using decimals or fractions
Probability Distribution a table, graph, or equation that links each possible value of "X" with the probability it occurs
Expected Value the mean of a probability distribution
Created by: rburris
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