Examlex
As much as 20% of international commerce involves trading products for products rather than trading currency for products.
Probability Density
A mathematical function that specifies the likelihood of a continuous variable taking on a particular value, critical in the context of continuous probability distributions.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely to occur within a certain range.
Continuous Uniform
A distribution that assigns an equal probability to all outcomes in a continuous range.
Random Variable
A variable whose possible values are outcomes of a statistical experiment, where the value is determined by chance.
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