Examlex
Cost savings is the main criterion for ______ that can be purchased from multiple service providers.
Bernoulli Distribution
A probability distribution that represents two possible outcomes of a random experiment, typically success (1) or failure (0), with a single trial.
Constant Probability
A situation where the probability of an event occurring remains the same in all trials or tests.
Random Variable
A variable whose outcomes depend on the results of a random phenomenon, and which can take on different values with certain probabilities.
Poisson Distribution
A distribution of probability that denotes the likelihood of a specific number of occurrences happening within a set period of time or space.
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