Examlex
If a partner is unable to cover a deficiency and the other partners absorb the deficiency, then the partner with the deficiency is thus relieved of all liability.
Waiting Time
The duration of time that elapses while waiting for a particular event or service to occur.
Continuous Random Variable
A variable that can take on an infinite number of values within a given range, where the outcomes cannot be counted and can only be described using intervals.
Probability Function
A formula that provides the probabilities for various outcomes within an experimental setting.
Density Function
In probability and statistics, a mathematical function that describes the probability distribution of continuous random variables, indicating the likelihood of different outcomes.
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