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In a Manufacturing Setting,a Discrete Distribution Is Natural for Modeling

question 28

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In a manufacturing setting,a discrete distribution is natural for modeling the number of days to produce a batch,and a continuous distribution is appropriate for modeling the yield from a batch.


Definitions:

Differences

Distinctive characteristics or features that set one person, thing, or situation apart from another.

Buyers

Individuals or entities that purchase goods or services for personal use, for use in the production of other goods and services, or for resale.

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Cost-effective

Being economical in terms of the results achieved for the amount of money spent.

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