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What does the term product include?
Speed Limits
Legal restrictions on the maximum speed at which vehicles may travel on a road.
Binomial Experiment
A statistical experiment that satisfies four conditions: a fixed number of trials, only two possible outcomes, independence of trials, and a constant probability of success.
Independent Trials
Experiments or trials in which the outcome of one trial does not affect the outcome of any other trials.
Binomial Experiment
A statistical experiment that has two possible outcomes for each trial and a fixed number of trials, where each trial is independent of the others.
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