Examlex
An express employment contract cannot protect an employee from discharge without good cause.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.
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).
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