Examlex
Carefully define returns to scale, and explain how this differs from marginal returns.
Probability Of Success
The likelihood of achieving a desired outcome or result in an experiment or project.
Random Variable
A variable whose outcomes are determined by chance, used in probability theory and statistics.
Independent
Not influenced or controlled by others; in statistics, two variables are independent if the occurrence of one does not affect the probability of occurrence of the other.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, used as an indicator of uncertainty or volatility.
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