Examlex
Choose the one alternative that best completes the statement or answers the question.
Write a mathematical expression for the quantity described verbally.
-Two more than of a number
Expected Value
The long-run average value of repetitions of an experiment it represents, often used in probability and statistics.
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.
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