Examlex
If the job turnover rate among child welfare workers with social work degrees is 10 percent per year, while the turnover rate among their counterparts without social work degrees is 50 percent per year, then a relationship exists between type of degree and turnover rate.
Possible Outcomes
Refers to all the potential results that may occur from a specific action or random experiment.
Probability
The likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1.
Probability of Success
The likelihood of achieving a favorable outcome in a given trial or experiment.
Binomial Random Variable
A type of random variable that takes on one of two possible outcomes with certain probabilities, typically used in binomial distributions.
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