Bell's Theorem and Random Variables

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Bell's theorem states that quantum correlation function of two spins can not be represented as an expectation value of two classical random variables. Spin is described in Bell's model by a single scalar random variable. We discuss another classical model of spin in which spin is described by a triple of classical random variables. It is shown that in this model the quantum correlation function can be represented as the expectation value of classical random variables. Implications of this result to the problem of local causality of quantum mechanics and relations with problems of moments are briefly mentioned.