Examlex
Permanent or static inventory includes data such as:
Random Variable
A numeric variable influenced by the randomness of certain phenomena.
Probability
A measure of the likelihood that a particular event will occur, often expressed as a number between 0 and 1.
Uniform Distribution
A distribution of probabilities where each possible outcome is equally probable.
Waiting Time
The time period a person or object spends waiting to receive a service or undergo a process.
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