Examlex
Once a country has a comparative advantage in producing a product, it cannot lose that advantage.
Probability Distribution
A mathematical function that provides the probabilities of occurrence of different possible outcomes for an experiment.
Cumulative Probability Distribution
A function that shows the probability that a random variable is less than or equal to a certain value.
Random Number Intervals
Ranges within which random numbers can fall, often used in simulations and statistical sampling.
Simulation Run
The process of executing a simulation model one or more times, generating data to analyze system behavior or performance.
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