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Binomial Experiment
A statistical experiment that fits the binomial distribution; characterized by having a fixed number of trials, distinct outcomes (success or failure), independence, and constant probability of success.
Variance
A measure of the dispersion or spread of a set of values, indicating how much they differ from the average of the set.
Sample Size
The number of observations or data points collected in a sample from a population for analysis.
Continuous Random
Pertains to a random variable that can take an infinite number of possible values in a continuous range.
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