Examlex
Which term refers to 'the use of data,statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data'?
Z Distribution
The Z distribution is a normal distribution that has been standardized so that it has a mean of 0 and a standard deviation of 1; it's also known as the standard normal distribution.
Probability
A quantification of the chance of an event taking place, assigned a value between 0, which denotes that the event is impossible, and 1, which denotes absolute certainty of the event happening.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely over a certain range.
Electronics Test
A process or methodology applied to identify the functionality, reliability, and performance of an electronic device or system.
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