Examlex
A group of union members go on strike after their union fails to reach an agreement with the management of their organization during a collective bargaining process. What type of strike are the union members conducting? Describe any two other types of strikes.
Normal Probability Distribution
A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range, characterized by its bell-shaped curve, symmetric about the mean.
Standard Deviation
A statistical metric that quantifies the dispersion or variability of a dataset relative to its mean.
Mean
The average of a set of numbers, calculated by dividing the sum of the values by the number of values.
Standard Normal Variable
A standard normal variable is a random variable that follows a normal distribution with a mean of zero and a standard deviation of one.
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