Examlex
Which of the following would be a focus of top managers in a decentralized organizational structure?
Probability
A quantification of the chance of an event taking place, assigned a value between 0, which denotes that the event is impossible, and 1, which denotes absolute certainty of the event happening.
Uniform Distribution
A type of probability distribution where all outcomes are equally likely over a certain range.
Electronics Test
A process or methodology applied to identify the functionality, reliability, and performance of an electronic device or system.
Median Waiting Time
The middle value in a dataset of waiting times, which divides the distribution into two equal halves, indicating that half of the waiting times are above this value and half are below it.
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