Examlex
A retailer with two checkout stands is an example of a single-channel,multiple-phase queuing system.
Sample Mean
The average value of all the measurements in a sample, calculated by adding all the values and dividing by the number of observations.
Probability Density Function
A function used to compute probabilities for a continuous random variable. The area under the graph of a probability density function over an interval represents probability.
Sampling Distribution
A statistical distribution of all possible samples that can be taken from a given population.
Standard Deviation
A quantification of how much the numbers in a collection diverge from their average, reflecting the spread of data.
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