Examlex
While forming a group, the primary job of a manager is to make sure the team is given responsibility and authority.
Discrete Probability
Discrete probability involves probability distributions that deal with discrete random variables, which are variables that have specific, countable outcomes, such as rolling a die or flipping a coin.
Binomial Experiment
A statistical experiment that meets the criteria of having a fixed number of trials, each with two possible outcomes, independent trials, and a constant probability of success.
Independent Trials
Refers to experiments or processes in which the outcome of any given trial does not affect the outcomes of future or past trials.
Probability of Success
The likelihood of achieving a desired outcome or event.
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