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Probability function |
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Definition of Probability functionProbability functionA function that assigns a probability to each and every possible outcome.
Related Terms:Probability density functionThe probability function for a continuous random variable. Probability distributionAlso called a probability function, a function that describes all the values that the random variable can Aggregate Production FunctionAn equation determining aggregate output as a function of aggregate inputs such as labor and capital. Base probability of lossThe probability of not achieving a portfolio expected return. Consumption FunctionThe relationship between consumption demand and disposable income. More generally, it refers to the relationship between consumption demand and all factors that affect this demand. Cumulative probability distributionA function that shows the probability that the random variable will functional classificationa separation of costs into groups based on the similar reason for their incurrence; it includes Normal probability distributionA probability distribution for a continuous random variable that is forms a objective functionthe linear mathematical equation that ProbabilityThe relative likelihood of a particular outcome among all possible outcomes. Probability DistributionA list of all possible outcomes and the chance of each outcome probability distributiona range of possible values for which each value has an assigned likelihood of occurrence Utility functionA mathematical expression that assigns a value to all possible choices. In portfolio theory the
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