Examlex
In an ERP system,data does not flow from one module to another.
Expected Value
This is the mean of a random variable, representing the average outcome we would expect to see if we could repeat an experiment an infinite number of times.
Variance
A measure of the dispersion or spread of a set of data points, indicating how much the values differ from the mean of the set.
Random Variable
A variable whose numerical value results from a random experiment, characterized by its possible values and associated probabilities.
Discrete Random Variable
A variable that has a countable number of possible values, often representing the outcomes of a categorical process.
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