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The Two Criteria Used to Validate That a Sequence of Numbers

question 37

Short Answer

The two criteria used to validate that a sequence of numbers is random are independence and _________ .


Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option in any decision-making process.

Higher Prices

An increase in the cost of goods or services in the market.

Quantities

The amount or number of a material or item present or available.

Peanut Butter

Peanut butter is a food paste or spread made from ground dry roasted peanuts, often enriched with various ingredients like salt, sweeteners, or emulsifiers.

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