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Expected Value Vocab

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