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Individuals,often from the same department,who band together for purposes that may or may not be relevant to the organization are called
Binomial Distribution
The binomial distribution is a probability distribution that summarizes the likelihood of obtaining a fixed number of successes in a fixed number of trials with a specific probability of success in each trial.
Expected Value
A statistical concept representing the average outcome of a random variable over a large number of experiments or trials.
Binomial Probability Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent values under a given set of parameters or conditions.
Expected Number
A statistical term referring to the average value or mean of a random variable, calculated as the sum of all possible values each multiplied by its probability of occurrence.
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