Examlex
Why should managers receive evaluations on a project-by-project basis?
Random Process
A sequence of unpredictable events in which the outcome of any specific event cannot be accurately predicted.
Probability Distribution
A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.
Cumulative Probability
The probability that a random variable takes on a value less than or equal to a specific value, aggregating across all previous probabilities.
Random Number Intervals
The ranges between which randomly generated numbers fall, used in simulations and probabilistic analyses.
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