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Which of the following best describes a binomial probability distribution?
Risks
Potential events or situations that could lead to harm or loss, often requiring management or mitigation in various contexts.
Uncertainty
A condition where knowledge is restricted, making it impossible to accurately detail the current state, predict future outcomes, or acknowledge multiple possibilities.
Social Decision Scheme
A theoretical framework that outlines how decisions are made within groups, taking into account the specific methods and processes members use to reach a consensus or final decision.
Majority-wins Rule
A decision-making strategy where the option that receives the most votes or support from a group is chosen.
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