Examlex
On average, 2.3 wind turbines at the vast Kindler Range Wind Farm malfunction and need repair.Assume that all the Poisson conditions are met.Letting x represent values of the random variable "number of turbines that malfunction during any one day," determine the probability that x = 2.
Experience Curve Rate
The rate at which costs decrease as a result of gains in efficiency and experience over time.
Unit Costs
The expenses a company incurs in manufacturing, storing, and selling a single unit of a specific product or service.
Microprocessor
An integrated circuit that contains the functions of a computer's central processing unit (CPU) on a single microchip, enabling digital computing and controlling electronic devices.
Automobile
A wheeled motor vehicle used for transportation, typically carrying a small number of people and running on roads.
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