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If an Object Has Kinetic Energy, Then It Also Must

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If an object has kinetic energy, then it also must have

Understand and calculate the standard deviation of a probability distribution.
Understand and apply the concept of independent events in probability.
Calculate the probability of a specific outcome given a probability distribution.
Understand and apply the Poisson distribution to model certain types of random events.

Definitions:

Bid-Rigging

A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.

First-Price Auctions

An auction format in which the highest bidder wins and pays the amount of their bid.

Highest Bid

The largest amount of money offered in a competitive process, such as an auction, for the purchase of goods or services.

Second Highest Bid

In an auction, the bid amount that is the next highest after the winning or highest bid.

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