Examlex
Which of the following processes is triggered when someone in the company determines that a specific quantity of a certain material is needed?
Probability
A measure of the likelihood that an event will occur, expressed on a scale from 0 (impossibility) to 1 (certainty).
Random Experiment
An experimental process that leads to well-defined but unpredictable outcomes.
Sample Space
The set of all possible outcomes of a probability experiment.
Assign Probabilities
The process of allocating a likelihood or chance of occurrence to specific outcomes in a random event.
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