#reading-9-probability-concepts
An event is a specified set of outcomes of a random variable.
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Summary 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.
<span>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 all possible outcomes.
The two defining properties of a probab Summary
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