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What are the potential benefits and risks of global strategic alliances? What actions can a finn take to minimize the risks and maximize the benefits?
Probability Model
A mathematical representation of a random phenomenon, describing the set of possible outcomes and the likelihood of each outcome.
Rainy Days
Days during which a significant amount of precipitation falls, commonly used in weather statistics.
Random Variable X
A variable whose possible values are numerical outcomes of a random phenomenon, with each outcome having an associated probability.
Probability Model
A mathematical representation of a random phenomenon, defined by a sample space, events within the sample space, and probabilities associated with each event.
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