Examlex
A local restaurant sells lunch entrees for $7.95, $9.95, and $11.95. From this information, you can infer the restaurant uses which of the following?
Hypergeometric Random Variable
A discrete random variable that represents the count of successful outcomes in a series of selections from a limited population where each selection is not returned to the pool.
Probability of Success
The likelihood that an event will occur as desired, often represented as a number between 0 and 1.
Mean
The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers in the set.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of trials.
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