Examlex
Products are distributed to customers and their downstream customers at all levels.
Sampling Distribution
The probability distribution of a statistic based on random samples from a population, used to estimate population parameters.
Standard Deviation
An indicator of the degree to which a dataset's values vary or are dispersed, showing the extent of deviation from the average.
Normal Distribution
A distribution of probabilities that is even on both sides of the mean, illustrating that values near the mean happen more often than values at a greater distance from the mean.
Weibull Distribution
A continuous probability distribution used widely in reliability engineering and failure analysis, which can model various types of data including life data and failure times.
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