Examlex
If X1 = 1, X2 = 3, and X3 = 5, then the S X = 9.
Binomial Distribution
A probability distribution that describes the number of successes in a fixed number of independent trials, with each trial having the same probability of success.
Variance
An indicator of how much a dataset varies or is spread out from the average value.
Independent Replications
Separate instances of running a simulation or experiment where the initial conditions or random elements are independently generated each time.
Normal Distribution
A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.
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