Examlex
Why are fairness and honesty in business important ethical concerns? Give examples.
Probability
The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.
Standard Normal
A normal distribution with a mean of zero and a standard deviation of one, widely used in statistical analysis.
Random Variable
A variable whose numerical values stem from unpredictable phenomena.
Normally Distributed
Describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
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