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Simplify the fraction to lowest terms.
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Probability Distribution
An equation in mathematics that calculates the likelihood of diverse outcomes in an experimental scenario.
Exponential Distribution
A probability distribution associated with the time between events in a Poisson process, characterized by a constant mean rate.
Parameter
A measurable attribute that characterizes a system or population, such as its mean or variance.
Counter Sales Narrative
A descriptive account focusing on the process and outcomes of direct sales transactions conducted over a counter.
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