Examlex
What concept refers to the variability in demand orders among supply chain participants?
Tchebysheff's Theorem
A mathematical formula that determines the minimum proportion of values that lie within a specified number of standard deviations from the mean, for any distribution.
Mound-Shaped
Mound-shaped describes a symmetrical, bell-shaped distribution of data points, indicative of a normal distribution.
Mode
The value that appears most frequently in a data set, a measure of central tendency.
Proportion of Weights
The ratio of an individual weight to the total weight of all items combined, often used in statistical calculations to determine relative importance.
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