Examlex
The Poisson probability distribution provides good approximations to binomial probabilities when n is large and is small, preferably with np < 7.
Gas Prices
The cost per unit of gasoline, typically expressed per liter or gallon, influenced by factors such as crude oil prices, production costs, and taxes.
Pickup Truck
A pickup truck is a light-duty vehicle with an enclosed cab and an open cargo area with low sides and tailgate.
Expected Monetary Value
A risk management tool that calculates the average result of various possible future events, taking both the magnitude and the probability of each possible outcome into consideration.
Expansion Options
Opportunities or flexibility built into projects or investments, allowing for growth or expansions based on future conditions.
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