Examlex
Large MNC's are usually set up as:
Population Proportion
The percentage of individuals in a population who share a certain characteristic or attribute.
Expected Value
The expected value of a random variable is the long-run average value of repetitions of the experiment it represents.
Normal Approximation
A method used to estimate the probabilities of a binomial distribution by approximating it with a normal distribution, especially useful for large sample sizes.
Binomial Distribution
An analytical model that represents the probability of a variable adopting one out of two distinct values, contingent upon specified parameters.
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