#reading-9-probability-concepts
A random variable is a quantity whose outcome is uncertain.
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Summary In this reading, we have discussed the essential concepts and tools of probability. We have applied probability, expected value, and variance to a range of investment problems.
A random variable is a quantity whose outcome is uncertain.
Probability is a number between 0 and 1 that describes the chance that a stated event will occur.
An event is a specified set of outcomes of a random var Summary
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