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Expected Value Vocab
Term | Definition |
---|---|
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 |