Examlex
Write a brief essay and discuss how manufacturing-sector companies inventory their products.
Probability Mass Function
An operation that calculates the chance that a given discrete random variable precisely equals a certain value.
Probability Density Function
A mathematical function that describes the likelihood of a continuous random variable taking on a specific value.
Normal Distribution
A bell-shaped frequency distribution that is symmetrical about the mean, describing how many data points, given continuous variables, distribute in nature.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set deviate from the mean.
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