What Is 'Rationing'? Why Is Rationing Done

question 98

Essay

What is 'rationing'? Why is rationing done?

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Definitions:

Uniform Distribution

A type of statistical distribution where all outcomes are equally likely; each number within a certain range has an equal chance of being selected.

Binomial Distribution

A probability distribution that models the number of successes in a fixed number of independent trials, with two possible outcomes.

Normally Distributed

Describes a dataset whose distribution forms a symmetrical, bell-shaped curve when plotted, characterized by specific mean and standard deviation values.

Independent

Describes a characteristic of variables in an experiment or study that are not influenced or caused by another variable.