Examlex
The purpose of a cap and trade system is to encourage trade between countries by limiting the amount of tariffs that can be imposed on traded goods.
Degrees of Freedom
The count of distinct values or amounts that can be attributed to a statistical distribution while respecting all existing limitations.
Multinomial Experiment
An experiment that involves trials where each trial results in one outcome from a set of more than two possible outcomes.
Fixed Number of Trials
A specified, constant number of attempts or operations conducted in an experiment or process, typically used in statistical trials.
Chi-Squared Distribution
A statistical distribution that represents the distribution of the sum of the squares of k independent standard normal random variables.
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