Examlex
A double-sampling plan has a lower ________ than a single-sampling plan.
Daily Sales
The total revenue or number of items sold by a business during a single day.
Poisson Distribution
A probability distribution that measures the probability of a given number of events happening in a fixed interval of time or space, assuming events occur with a known constant mean rate and independently of the time since the last event.
Binomial Probability Distribution
A probability distribution showing the probability of x successes in n trials of a binomial experiment.
Skewed
Describes a distribution that is not symmetrical, with a long tail on either the right or left side, indicating that the data are not evenly distributed around the mean.
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