Examlex
Define employee engagement and state its four components.
Probability Distribution
A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.
Expected Value
The long-run average value of repetitions of the experiment it represents, computed as the weighted average of all possible values.
Poisson Random Variable
Represents the number of events occurring in a fixed interval of time or space, assuming that these events happen with a known constant mean rate and independently of the time since the last event.
Random Variable
A variable whose possible values are numerical outcomes of a random phenomenon, used in probability and statistics to model randomness.
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