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Variance
An indicator of how much a dataset varies or is spread out from the average value.
Independent Replications
Separate instances of running a simulation or experiment where the initial conditions or random elements are independently generated each time.
Normal Distribution
A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.
X-axis
The horizontal axis in a coordinate system, typically used to represent the independent variable in a graph.
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