Examlex
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Probability
The quantification of how likely an event is to happen, measured on a scale from 0 to 1.
Market Size
An estimate of the total demand for a product or service within a particular market.
R&D Costs
Expenses associated with the research and development activities of a company, typically aimed at developing new products or technologies.
Triangular Distribution
A probability distribution shaped like a triangle, which is used to model variables that have known minimum and maximum values and where the mode can be estimated.
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