Examlex
Which Regulations have the force and effect of law?
Probability
The quantification of the chance that an event will happen, expressed as a number ranging from 0 to 1.
Random Variable
A Random Variable is a variable whose possible values are numerical outcomes of a random phenomenon.
Normal Curve
A symmetrical, bell-shaped distribution where most occurrences take place around the mean and probabilities for values taper off as they move away from the mean.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, used to quantify the amount of variation.
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