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The Fourth Amendment of the Constitution:
Probability Distribution
The function that describes the likelihood of obtaining the possible values that a random variable can take.
Likelihood of Occurrence
Likelihood of occurrence refers to the probability that a given event will happen, often used in statistics to estimate outcomes.
Parameter
A numerical characteristic that describes a statistical population; it's a fixed value, though often unknown.
Sampling Distribution
The probability distribution of a statistic based on a large number of samples or simulations.
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