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Suppose the probability of a power outage at a nuclear power plant on a single day is the same every day of the year.Also,the probability of having a power outage on a single day does not increase or decrease the probability of a power outage on another day.Which of the following distributions would you use to determine the probability that a power outage will occur next Monday?
Covariance
A measure indicating the extent to which two variables change together, signifying the direction of their linear relationship.
Standard Deviation
A statistic that quantifies the amount of variation or dispersion of a set of data values, typically used to measure how spread out the numbers in a data set are.
Slope
A measure of the steepness, incline, or grade of a line, indicating the ratio of the vertical change to the horizontal change between two points on the line.
90th Percentile
A value below which 90% of the data points in a dataset fall.
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