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Exhibit 5-4
A local bottling company has determined the number of machine breakdowns per month and their respective probabilities as shown below.
-Refer to Exhibit 5-4. The probability of at least 3 breakdowns in a month is
SSR
The sum of squared residuals, indicating the discrepancy between the observed and predicted values in a statistical model.
SST
Total Sum of Squares, a measure used in statistical analysis to quantify the total variance observed in a dataset.
Observations
Data points collected during an experiment or study.
Degrees Of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution or a system without violating any constraints.
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