Examlex
Clicking the Percentage style in the Number Format list applies _____ decimal places by default.
Independent Replications
Separate instances of an experiment or simulation that are conducted independently to ensure variability in results is due to the process rather than randomness.
Probability
The measure of how likely it is for an event to occur, expressed as a number between 0 (impossible) and 1 (certain).
Customers
Individuals or businesses who purchase goods or services from another entity.
Expected Value
The average outcome of a random variable, calculated as the sum of all possible values each multiplied by their respective probability of occurrence.
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