Examlex
Which one of the following is false?
Parameter λ
Often used to denote a rate parameter in exponential distributions which quantifies the frequency of occurrence for a given event.
Normally Distributed
A type of distribution for a variable where data are symmetrically distributed around the mean, showing a bell-shaped curve.
Average Balance
The mean amount of money held in an account over a certain period.
Standard Deviation
An index of variability that quantifies the spread of a set of numbers or the dispersion from the average.
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