Examlex
Sterilizing filters have a pore size of 0.22 μm. Which of the following statements is true?
Demand Frequency
The rate at which goods or services are requested or required by customers.
Expected Demand
The anticipated quantity of a product or service that consumers will purchase in a future period under given conditions.
Monte Carlo Simulation
A computational algorithm that uses repeated random sampling to obtain numerical results, often used to assess risk and uncertainty in business and engineering models.
Cumulative Probability
The probability that a random variable takes on a value less than or equal to a specific value, used to understand the likelihood of different outcomes.
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