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Complete the table, find average lateness, find average completion time, and average number of jobs in the system. Assume all durations are in days and that the jobs are processed at the shop in the order that they arrive (A then B then C then D).
Population Variance
The measurement of how data points in an entire population are spread out from the mean of the population.
Standard Deviation
The measure of the dispersion or variability in a set of numbers, indicating how spread out the numbers are from the mean.
Variance
Measures the spread between numbers in a dataset, indicating how much the data points differ from the mean.
Significantly More
A statistical term indicating that an observed effect or difference is large enough that it is unlikely to have occurred by chance, based on a set significance level.
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