Examlex
The number of defects in a random sample of 200 parts produced by a machine is binomially distributed with p = 0.03. Based on this information, the standard deviation of the number of defects in the sample is 5.82.
Product Line
Group of related products marked by physical similarities or intended for the same market.
Product Cluster
A collection of products grouped together because of similar characteristics or because they target a similar market segment.
Specialty
A particular area of expertise or focus within a larger field of knowledge, work, or study.
Gourmet Chocolates
High-quality chocolates that are often handmade and use premium ingredients, catering to a niche market.
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