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Home Categories Business Leaders Unconditional probability reflects the probability that some event will occur without taking into account any other possible influences or previous results. Uniform distributions are probability distributions with equally likely outcomes. Upstart refers to a person who has suddenly risen to a new class or status, but lacks the social skills and grace to match the new position. White collar workers are workers in suits and ties who work at a desk and generally avoid physical labor. William Kavanaugh III is best known as the CEO of Carolina Power & Light (CP&L), which later became Progress Energy. William T. Dillard II became CEO of Dillard’s Inc. in 1998. Bill Gross co-founded Pacific Investment Management Company, PIMCO, and is known as the “King of Bonds”. Output variance measures the difference between the actual output and the standard output of a product or manufacturing process.