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The Possible Outcomes from a Random Experiment Are Called

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The possible outcomes from a random experiment are called:


Definitions:

Frequent Flyer

A loyalty program member who travels regularly with a particular airline and earns points or miles that can be redeemed for travel-related benefits.

Total Capacity

The maximum output or production level that a facility, system, or organization can achieve under normal conditions.

Overbooked

The state of accepting more reservations or commitments than the available capacity can accommodate.

Capacity Management

The practice of balancing supply and demand by managing resources to maximize output and efficiency without overburdening production or services.

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