Examlex
The situational leadership theory focuses on follower readiness to determine the appropriate leadership behavior.
Expected Value
The long-run average value of repetitions of an experiment it represents, often used in probability and statistics.
Independent Replications
Separate instances of an experiment or simulation that are conducted independently to ensure variability in results is due to the process rather than randomness.
Probability
The measure of how likely it is for an event to occur, expressed as a number between 0 (impossible) and 1 (certain).
Customers
Individuals or businesses who purchase goods or services from another entity.
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