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A company wants to reduce costs across the entire company after discovering that several AWS accounts were using unauthorized services and incurring extremely high costs. Which AWS service enables the company to reduce costs by controlling access to AWS services for all AWS accounts?
Binomial Formula
A mathematical formula used to calculate the probability of obtaining a given number of successes in a binomial experiment.
Random Sample
A subset of individuals chosen from a larger set (population) where each individual has an equal probability of being selected, ensuring the sample’s representativeness of the population.
Binomial Random Variable
A random variable that follows a binomial distribution, representing the number of successes in a fixed number of independent Bernoulli trials with the same probability of success.
Variance
Variance is a statistical measure that represents the degree of spread in a data set. It is calculated as the average of the squared differences from the Mean.
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