Examlex
The selling price of products is determined by market forces but can also be dependent on the cost of the product, particularly where there is little or no competition.
Free Throw
A shot in basketball granted to a player after a foul, taken from the free-throw line without opposition.
Fair Coin
A theoretical or ideal coin for which the probability of landing heads or tails is exactly equal, used in probability theory.
Probability
Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Random Phenomenon
An event or a process that cannot be predicted with certainty due to the random nature of its outcomes.
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