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You have been hired as an external consultant to improve processes at a business. You are unfamiliar with exactly how the work is currently done but are intimately familiar with charting techniques and data analysis tools. What is a general sequence for use of these tools and why should you use them in the sequence you specify?
Poisson Distribution
A statistical distribution predicting the probability of a given number of events happening in a fixed interval of time or space.
Observed Frequencies
The actual number of occurrences of events measured or recorded during a study or experiment.
Normal Distribution
A symmetric bell-shaped frequency distribution that is fully defined by its mean and standard deviation.
Intervals
Ranges between two points or values, often used in statistics to indicate the confidence or probability associated with a specific estimate.
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