Examlex
Productivity is the main source for figuring out a nation,s per capita income.
Cumulative Probability
The probability that a random variable takes on a value less than or equal to a specified value, often visualized in the form of a cumulative distribution function.
Interval of Random Numbers
The range between the smallest and largest numbers in a set that has been chosen randomly.
Random Numbers
Sequences of numbers generated in such a way that each number has an equal chance of being any value within the defined range, used in simulations and probabilistic calculations.
Expected Demand
An estimate of the quantity of a product or service that consumers will purchase in the future, often used for planning and inventory management.
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