Examlex
In terms of revenue neutrality,comment on the following:
Binomial Probability
The probability of obtaining a given number of successes in a fixed number of binary trials, where each trial has two possible outcomes.
Continuity Correction
An adjustment made to a discrete distribution when approximating it by a continuous distribution, often used in binomial to normal distribution approximations.
Continuous Probability Curve
A curve that represents the distribution of a continuous random variable, indicating the probabilities of all possible values.
Continuity Correction
An adjustment made to a discrete distribution when approximating it to a continuous distribution.
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