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A task force is located in one department but has the responsibility for communicating and achieving coordination with another department.
Bernoulli's Theorem
A principle in probability that describes the behavior of binomial distributions under certain conditions.
Utility Theory
A framework in economics and finance that analyzes choices under uncertainty, emphasizing the satisfaction or utility derived from each possible outcome.
Central Limit Theorem
A statistical theory stating that the sampling distribution of the sample mean approaches a normal distribution as the sample size becomes large, regardless of the shape of the population distribution.
Expected Opportunity Loss
The expected loss resulting from not choosing the best alternative action.
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