Exam (elaborations)
IOP 3701 ASSIGNMENT 1
- Course
- IOP 3701 ASSIGNMENT 1
- Institution
- Johns Hopkins University
QUESTION 1.1 Differentiate between the following terms/concepts a. Prospect and Probability Distribution • Prospect – A series of wealth outcomes, each of which is associated with a probability • Probability Distribution – A mathematical function that provides the probabilities of occ...
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