Examlex
When an ad states that chicken soup made with Swanson chicken broth "tastes as good as Grandma's," the advertiser is using puffery.
Random Experiment
An experiment or process that leads to uncertain outcomes, each with definable probabilities.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states across a series of experiments or trials.
Expected Value
The sum of all possible values each multiplied by the probability of its occurrence, often used in probability theory to predict the average outcome of a random event over the long term.
Binomial Probability Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations or trials.
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