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High Quality Standards Is the Root Concept of "Value Chain

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High quality standards is the root concept of "value chain analysis".


Definitions:

Binomial Distribution

A statistical distribution that represents the chances of a value adopting one of two distinct states across a certain amount of observations.

Hypergeometric Distribution

A probability distribution used for sampling without replacement, describing scenarios with two outcomes.

Events Of Interest

Specific outcomes or occurrences within a statistical experiment that are relevant to the research question or objective.

Randomly

In a manner that occurs without a predictable pattern, enabling each member of a set to have an equal chance of selection.

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