Examlex
When operations are often bottlenecked, additional planned idle time will improve the throughput in those areas.
Independent Events
Two or more events where the occurrence of one does not affect the probability of the others occurring.
Conditional Probability
The probability of an event given that another event already occurred. The conditional probability of A given B is P(A ∣ B) = P(A ∩ B)/P(B).
P(B | A)
The probability of event B occurring given that event A has already occurred, a concept in conditional probability.
P(A ∪ B)
The probability of the occurrence of at least one of two events, A or B, including the case where both events occur simultaneously.
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