Examlex
Which term refers to "sounds that create meaningful differences"?
Average Waiting Time
calculates the average duration customers or items wait before being serviced, often used in queue management to assess performance.
Monte Carlo Simulation
A computational technique used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.
Standard Distribution
Often refers to a probability distribution that is used to represent the dispersion of a set of data around its mean, typically assumed to be a normal distribution.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to model the probability of different outcomes in a process that cannot easily be predicted due to the intervention of random variables.
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