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By determining the difference of the distances between the ship shown in the illustration and two radio transmitters, the LORAN system places the ship on the hyperbola
If the ship is also 5 miles out to sea, find its coordinates.
Standard Normal Random Variable
A random variable with a mean of zero and a standard deviation of one, following the standard normal distribution, which is a specific instance of the normal distribution.
Average Balance
Average balance is a financial term referring to the sum of all balances during a certain period divided by the number of days in that period, often used in banking to assess fees or determine interest.
Standard Deviation
An evaluation of how spread out or dispersed a collection of data points is.
Normally Distributed
A data distribution pattern that follows the normal (bell curve) distribution.
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