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Assessment item 1 back to top Assignment 1 Value: 10% Due Date: 19-Mar-2019 Return Date: 09-Apr-2019 Length: Submission method options: Alternative submission method Task back to top QUESTION 1 Probability Show all calculations/reasoning Student guide to marks: 29 – 4 for a, 6 for b1, 2 each for b2-b6, 6 for c, 3 for d (a) What is the meaning of the term 'expected value', and what does it measure? How is it computed for a discrete probability distribution? Demonstrate your answer with a pr ...

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