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Describe factor analysis.
Average Number
The value found by adding all the numbers in a set together and then dividing by the count of those numbers, often used in statistical analysis.
At-bats
A statistical count in baseball that represents the number of times a player gets in position to bat, excluding walks, sacrifices, and certain other situations.
Probability
The measure of how likely an event is to occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
30 Simulation Runs
Refers to executing a simulation model 30 times to assess variability or estimate the reliability of the simulation results.
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