Examlex
The logic in a simulation model is presented graphically through which of the following?
Independent Trials
Refers to experiments or processes in which the outcome of any given trial does not affect the outcomes of future or past trials.
Probability of Success
The likelihood of achieving a desired outcome or event.
Binomial Distribution
A probability distribution that represents the number of successes in a set number of independent binary (success/failure) experiments.
Consecutive Trials
Successive attempts or tests carried out to achieve a particular result, where each trial follows the previous one without interruption.
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