Examlex
What are the .95 (5% alpha risk) upper and lower control limits for the p-chart?
Probability
Probability is the measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Hypergeometric Probability
A probability distribution used for calculating the odds of drawing a specific number of successes in a sample without replacement from a finite population.
Discrete Probability Distributions
Probability distributions that delineate the probabilities of outcomes for discrete random variables.
Hypergeometric Random Variable
A discrete random variable that represents the count of successful outcomes in a series of selections from a limited population where each selection is not returned to the pool.
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