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____ is a rating of low, medium, or high based on the expected level of change in completing the project's objective if the risk were to occur during the project.
Binomial Distribution
A probability distribution that summarizes the likelihood of a variable to take one of two independent values under a given number of iterations.
Distribution of X
Refers to the way values of the variable X are spread or distributed across possible outcomes, showing the frequency of each value.
Speed Limits
Legal maximum or minimum speeds set for vehicles on particular roads to ensure safety.
Binomial Experiment
A statistical experiment that has exactly two mutually exclusive outcomes, often labeled as success and failure.
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