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Case Based Critical Thinking Questions Case 5-2
Carlos has developed a database for his organic farm. The farm sells organic produce and meat. In addition to the retail sales of his products, he offers cooking demonstrations five times each month for a small fee. The demonstrations are limited to 10 people. The database contains the following tables: Products, ProductPrices, ProductCosts, Suppliers, Customers, and CookingDemos. The Products, Product Prices, Product Costs and Suppliers tables are related using the ProductID field. The Customers and CookingDemos tables are related on the CustomerID field. Carlos needs to make some decisions using his database. Determine the best method for Carlos to use to achieve the results he wants.
As Carlos plans for the fall planting season, he would like to bundle all of his shipments from the Organic Opportunities supplier into one shipment. He needs to know which products he has previously ordered from Organic Opportunities. Which method will quickly produce the results Carlos needs?
Valid Probability
A numerical value representing the likelihood of an event, where the probability is between 0 and 1, inclusive.
Poisson Random Variable
Represents a statistical measure that models the number of times an event happens in a fixed interval of time or space when these events occur with a known constant mean rate independently of the time since the last event.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, calculated as the square root of variance.
Discrete Random Variable
A type of random variable that can take on a countable number of distinct values, often used to model scenarios where outcomes are countable.
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