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Suppose that a judge's decisions follow a binomial distribution and that his verdict is incorrect 10% of the time.In his next 10 decisions,the probability that he makes fewer than 2 incorrect verdicts is 0.736.
Procedures
Established methods or sequences of actions for conducting operations or processes within an organization or activity.
Policies
Guidelines and principles that govern the operations and decisions of an organization.
Broad Guidelines
General instructions or principles that provide a framework for decision-making or action but allow for flexibility and interpretation.
Standing Policy
A policy established for an indefinite duration, often outlining guidelines and procedures for routine operations and decisions.
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