Examlex
A price variance for direct materials measures how well a company keeps unit prices of material within standards.
Poisson Distribution
A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.
Automated Car Wash
A facility using machinery and automated processes to clean vehicles without human handwashing.
Poisson Distribution
A statistical distribution that models the number of times an event occurs within a fixed interval of time or space.
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