Examlex
Which of the following best describes a binominal probability distribution?
Outlier
An outlier is a data point that differs significantly from other observations in a dataset, potentially due to variability in the measurement or it may indicate an experimental error.
Cost Estimation Process
The methodological approach to projecting the potential costs associated with a project or production, based on historical data and project specifications.
Dependent Variable
A variable in research or statistical analysis that is expected to change as a result of changes in another variable, known as the independent variable.
Complaints Department
A dedicated sector within a company responsible for handling customer complaints and resolving issues related to products or services.
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