Examlex
Amazon serves a diversified market because it has multiple products and services that serve several unrelated groups of customers.
Equally Likely
A term used in probability to denote outcomes that have the same chance of occurring.
Continuous Probability Distributions
Mathematical functions that represent the probabilities of all possible continuous outcomes for a random variable.
Bernoulli Distribution
A probability distribution of a random variable that takes the value 1 with probability 'p' and the value 0 with probability '1-p'.
Pareto Distribution
A probability distribution used to describe phenomena in the natural and social sciences where a small proportion of occurrences leads to a large proportion of outcomes.
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