Examlex
The U.S.economy is relatively closed in terms of economic activity related to exports and imports.
Cumulative Binomial Probabilities
The sum of probabilities of achieving a given number of successes in a fixed number of Bernoulli trials.
Relative Frequency
The ratio of the number of times a specific value or event occurs to the total number of occurrences in a given dataset.
Population
The entire group of individuals or instances about whom the research is concerned.
Expected Value
The weighted average of all possible values a random variable can take on, with the weights being the probabilities of each outcome.
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