Examlex
What is asymmetric information?
Binomial Distribution
A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of parameters.
Graduate School
A division of a university offering advanced programs beyond the bachelor's degree, leading to a master's or doctoral degree.
Continuous Random
A variable that can take an infinite number of values within a given range, representing quantities that can be subdivided into infinitely smaller increments.
Numerical Value
A representation of a quantity or an amount in the form of numbers as opposed to qualitative descriptions.
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