Examlex
Net income must be greater than zero in order to pay dividends.
Probability Density Function
A function that describes the relative likelihood for a continuous random variable to take on a given value.
Uniform Distribution
Describes a situation in which all outcomes are equally likely, such as the roll of a fair die.
Waiting Time
The duration a customer or a process has to wait before its service begins or a specific event occurs, often analyzed in queue theory and operations research.
Probability Density Function
A function that represents the probability of a random variable assuming a specific value.
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