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Multiplication Law
A principle used in probability that determines the likelihood of two independent events occurring together.
Addition Law
In probability, the rule that calculates the probability of the occurrence of at least one of two events.
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given set of parameters or conditions.
Negatively Skewed
Negatively skewed, in statistics, describes a distribution of data where the tail is longer on the left side of the distribution curve, indicating that the bulk of the values lie to the right.
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