Examlex
Identify and briefly describe the various types of project feasibility that must be evaluated.
Poisson Distribution
A statistical probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.
Negative Exponential Distribution
A probability distribution used to model time between independent events that occur at a constant average rate.
Average Arrival Rate
The average rate at which entities (such as customers or products) arrive at a specific point or system over a defined period.
M/D/1
A notation in queue theory representing a system with a single server, where arrivals are Markovian (Poisson process), service times are deterministically fixed, and there is one server.
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