A customer-centric culture is one that focuses on providing exceptional service, meeting customer needs and expectations, and building relationships with customers. Businesses can gain an invaluable competitive advantage by creating a customer-centri...

 The binomial distribution is a probability distribution that describes the likelihood of a given number of successes in a fixed number of trials. For example, in the case of flipping fair coins, the binomial distribution can be used to calculate the...

 The normal distribution is a probability distribution that is used to describe many natural phenomena. It is also known as the Gaussian distribution, after the mathematician Carl Friedrich Gauss who first described it. The normal distribution is one...

Several probability distributions are used in statistics. These include the three most commonly used distributions: the Normal Distribution, the Binomial Distribution, and the Poisson Distribution.Three Most Commonly Used Distributions:1. Normal Dist...

In probability and statistics, several terms are used to describe the various functions that are used to model probability distributions. These include:Probability density function (PDF): The PDF is a function that describes the probability of a cont...

 The central limit theorem is a fundamental concept in statistics. It states that given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the population will be approximately normally dis...

PopulationA population is the entire group of individuals or objects that we are interested in studying. For example, the population could be all the people living in a certain city, all the students in a school, or all the cars on a certain road.Sam...

Permutations and combinations are two related concepts in mathematics that involve arranging elements or numbers. Permutations are arrangements where the order of the elements matters, while combinations are arrangements where the order does not matt...

 A factorial is an operation often encountered in mathematics used to multiply all numbers from 1 up to a given number. Factorials are important tools in mathematics, especially for solving permutations and combinations. They are also used in probabi...

The rule of addition and the rule of multiplication are two important rules of probability that describe how probabilities are calculated for multiple events.Rule of AdditionThe rule of addition (also known as the "OR" rule) states that the probabili...