Examlex
Suppose that the number of airplanes arriving at an airport per minute is a Poisson process. The average number of airplanes arriving per minute is 3. The probability that exactly 6 planes arrive in the next minute is 0.0504.
R&D Expenditures
Refers to the spending dedicated to research and development activities by businesses or governments aiming to innovate and improve products or services.
Industry Concentration
The degree to which a small number of companies control the majority of market share within a particular industry.
Industry Concentration
A measure of the extent to which a small number of firms dominate total production, sales, or employment within an industry.
R&D
Research and Development, a business or government activity that focuses on the development of new products or the improvement of existing products.
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