Examlex
Instructions: Identify the following term(s).
Vladimir Putin
Binomial Distribution
A probability distribution that summarizes the likelihood of a value taking one of two independent states and is used for experiments that have two possible outcomes (success or failure).
P
Generally denotes probability, representing the likelihood of a particular event or outcome occurring.
Binomial Distribution
The binomial distribution is a discrete probability distribution that describes the outcome of a fixed number of trials in which there is a constant probability of success.
Number Of Customers
A metric that represents the total count of clients or buyers that a business serves over a specific period.
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