Examlex
Which of the following is an advantage of the economy of scale?
Poisson Distribution
A distribution quantifying the chances of a specific amount of occurrences happening within a set period or spatial region.
Probability
A measure of the likelihood that a certain event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Sales
The exchange of a commodity for money; the action of selling something.
Poisson Approximation
A statistical technique used to estimate the probability of a given number of events happening 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.
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