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Suppose a die is tossed 1,000 times and a 1 comes up 667 times. Find the empirical probability for a 1 to occur. On the basis of a comparison of the empirical probability and the theoretical probability, do you think the die is fair or biased?
Feasible Solution
A potential solution to a problem that meets all the constraints and requirements specified in the problem's definition.
Improvement Indices
Metrics or measures used to quantify the level of improvement or progress in various aspects such as productivity, quality, or efficiency within an organization or system.
Northwest-Corner Rule
A method used in transportation problems of linear programming to find a basic feasible solution by starting at the northwest corner of a cost matrix and allocating supplies to demands while moving south and east through the matrix.
Ignores Costs
A term referring to the practice or scenario where financial expenditures or implications are not taken into consideration.
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