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In the first of the three ranges of production:
Probability
The estimation of the chances of an event taking place.
Sample Proportion
A statistical measure that represents the fraction of the sample that has a particular characteristic.
Probability
An assessment of event occurrence likelihood, denoted as a fraction or decimal between 0 and 1.
DVD Rental Store
A business that offers DVDs for rent, allowing customers to borrow movies for a specified period before returning them.
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