Examlex
_________ determine what the organisation is told about what is happening.
Mean
The average of a set of numbers, calculated by dividing the sum of these numbers by the count of numbers in the set.
Standard Deviation
A tool for assessing the scope of variation or dispersion among a series of figures.
Exponentially Distributed
Describes the time between events in a process in which events occur continuously and independently at a constant average rate.
Parameter λ
A symbol often used to denote a specific parameter in mathematical or statistical expressions, such as the rate parameter in an exponential distribution.
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