Intro to Probability for Business
The cumulative distribution function (CDF) is a fundamental concept in probability that describes the probability that a random variable takes on a value less than or equal to a specific number. It provides a complete picture of the distribution of a random variable, showing how probabilities accumulate over different values. This function is particularly useful in analyzing different types of distributions, such as exponential and uniform distributions, as well as hypergeometric distributions, where it helps in understanding the probabilities involved in various scenarios.
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