Examlex
Which of the following is considered a location based services market segment?
Expected Value
The average outcome of a random variable, calculated as the sum of all possible values each multiplied by their respective probability of occurrence.
Raffle Tickets
Tickets sold as a means to raise money for a cause, with the chance of winning prizes.
Binomial Distribution
a probability distribution describing the number of successes in a fixed number of independent Bernoulli trials, with a constant probability of success.
Bernoulli Experiment
A random experiment with exactly two possible outcomes, often termed success and failure.
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