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Exhibit 5-8
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3.
-Refer to Exhibit 5-8. The random variable x satisfies which of the following Discrete Probability Distributions?
Cloud-Based
Pertaining to services, applications, or data storage hosted on remote servers accessed through the internet.
Open-Source
Pertaining to software for which the source code is freely available for modification and distribution by anyone.
Push Model
A push model is a supply chain strategy where products are produced in anticipation of customer demand and pushed through the distribution channels to end consumers.
Make-To-Order
The strategy of producing customized products and services.
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