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Binomial Random Variable
A type of random variable that results from a binomial experiment, defined by a fixed number of trials, two possible outcomes per trial, constant probability of success, and independence between trials.
Random Sample
A sample that ensures each member of the population has an equal chance of being included.
Probability
A quantification of the probability that a specific event happens, denoted by a value ranging from 0 to 1.
Alumni
Graduates or former students, especially of a particular educational institution.
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