Examlex
__________are probable future payments of assets or services that a company is presently obligated to make as a result of past transactions or events.
Probability
The measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.
System
A set of connected elements or components that function together as a complex whole, often described in terms of inputs, processes, outputs, and feedback.
Customer
An individual or organization that purchases goods or services from another entity, typically playing a vital role in the entity's revenue stream.
Little's Law
A mathematical principle in queueing theory stating that, in a stable system, the long-term average number of items in the system is equal to their long-term average arrival rate multiplied by their average time in the system.
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