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List factors that impact the degree to which this agency cost is a factor.
Bernoulli Experiment
A random experiment with exactly two possible outcomes, often termed success and failure.
Probability Density Function
A Probability Density Function (PDF) is a function that describes the relative likelihood for a continuous random variable to take on a given value.
Expected Value
A statistical measure that calculates the average outcome of a random variable after many repetitions of an experiment.
Random Variable
A variable that can take numeric values, which are the results of a random event.
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