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Match the Term with the Correct Description

question 20

Multiple Choice

Match the term with the correct description.
-trend or drift


Definitions:

Binomial Random Variable

A type of random variable that results from a binomial experiment, defined by a fixed number of trials, two possible outcomes per trial, constant probability of success, and independence between trials.

Random Sample

A sample that ensures each member of the population has an equal chance of being included.

Probability

A quantification of the probability that a specific event happens, denoted by a value ranging from 0 to 1.

Alumni

Graduates or former students, especially of a particular educational institution.

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