Examlex
Taxes can be used to internalize negative externalities.
Binomial Probability
The probability of achieving a specific number of successes in a fixed number of Bernoulli trials with the same probability of success on each trial.
Normal Curve
A bell-shaped curve that is symmetrical about the mean, representing the distribution of a continuous random variable.
Continuity Correction
An adjustment made when using a continuous probability distribution to approximate a discrete distribution.
Binomial Random Variable
A type of discrete random variable that represents the number of successes in a fixed number of binary experiments.
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