Examlex
The most frequently used measure of central tendency is:
Binomial Random Variable
A type of discrete random variable that arises in situations where an experiment or process is repeated a fixed number of times, with each trial having two possible outcomes (success or failure) and a constant probability of success.
Binomial Probability Distribution
A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or conditions.
Binomial Problem
A statistical question or experiment that has exactly two possible outcomes, 'success' or 'failure', and where the probability of success is the same each time the experiment is conducted.
Standard Deviation
Standard deviation is a measure of the amount of variation or dispersion in a set of values, indicating how much the values in a dataset deviate from the mean.
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