#reading-9-probability-concepts
Probability is a number between 0 and 1 that describes the chance that a stated event will occur.
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Summary sed 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.
<span>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 variable.
Mutually exclusive events can occur only one at a time. Exhaustive events cover or contain Summary
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