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The Notation Ŷ Refers to the Average Value of the Dependent

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The notation Ŷ refers to the average value of the dependent variable Y.


Definitions:

Negative Exponential

A statistical distribution used to model time between independent events that occur continuously at a constant average rate.

Service Times

The duration a customer has to wait before receiving a service or the time taken to deliver a service.

Poisson Distributions

A distribution in statistics showing the chances of a specified number of occurrences within a set period of time or area.

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