Examlex
When collecting MICRO secondary data information, this usually involves gathering:
Random Numbers
A sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance, often used in simulations and statistical sampling.
Standard Probability Distributions
Specific mathematical functions that provide the probabilities of occurrence of different possible outcomes for a particular phenomenon.
Simulation Models
Computational models that simulate complex real-world processes or systems to analyze behavior and predict outcomes under different scenarios.
Advantages
The favorable factors or benefits associated with a situation, decision, or proposal.
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