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A sudden,end-of-summer heat wave increases the demand for air conditioners and catches suppliers with no reserve inventories.The momentary supply for air conditioners is
Discrete Integer
Refers to a type of numerical data that can only take specific, separated values and cannot be fractional.
Poisson Process
A statistical process that models the occurrence of events within 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.
Continuous Random Variable
A variable that can take on an infinite number of values within a given range, representing measurements.
Binomial Distribution
An analytical distribution showing the probability of a variable assuming either of two separate states within a specified number of observations.
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