Examlex
Which of the following is empowered to issue industry-wide safety standards for consumer products?
Probability
The quantification of an event's chance of happening, represented as a number from 0 to 1.
Sample Space
The collection of every potential result or outcome from a probabilistic experiment.
Random Experiment
An experiment or process for which the outcome cannot be predicted with certainty beforehand.
Mutually Exclusive
Two events that cannot occur at the same time, implying that the occurrence of one event precludes the occurrence of the other.
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