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#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


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