Examlex
Sam did not receive clear instructions about the expectations of his work from his supervisor, so he does not deliver what she is looking for. This is an example of
Expected Value
The long-run average value of repetitions of the same experiment or random trial, indicating the central tendency.
Random Variable
A variable that can take on numerical results from a random event or experiment.
Standard Deviation
An indicator of the spread of a dataset relative to its mean, used to quantify the degree to which individual data points differ from the average.
Monthly Production
The total output or production of a manufacturing process or facility in a single month.
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