Examlex
Assume that the amount of time that it takes an employee to service a car at an oil change facility follows the uniform probability distribution between 21 and 38 minutes. What is the probability that a randomly selected car will require between 25 and 35 minutes to service?
Time Series
A sequence of data points or observations taken at successive, evenly spaced points in time, used for analyzing trends, cycles, and forecasts.
Seasonal Variation
Fluctuations in data that occur at regular intervals because of seasonal factors.
Time Series
A sequence of data points, measured typically at successive times, spaced at uniform time intervals.
Fluctuations
Variations or changes in a state or level, often referring to economics or financial markets, but also applicable to any variable phenomenon.
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