Examlex
The waiting time at an elevator is uniformly distributed between 30 and 200 seconds. What is the probability a rider must wait more than 1.5 minutes?
Big Data
Extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.
Analytics
Finding meaningful patterns in large datasets.
Important Decision
A significant choice that has substantial consequences on an individual's life or an organization's direction.
Crowdsourcing
The practice of obtaining information, ideas, or input by soliciting contributions from a large group of people, typically from the online community.
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