Examlex
A departmental information system is an organizational structure where a separate department is established by the organization to support and manage its information system.
Probability Mass Function
A function that gives the probabilities of discrete outcomes.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.
Expected Value
The long-run average value of repetitions of an experiment it represents, often used in probability and statistics.
Independent Replications
Separate instances of an experiment or simulation that are conducted independently to ensure variability in results is due to the process rather than randomness.
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