Examlex
Describe in words how to calculate a project's standard deviation. What assumption allows that calculation to be accurate?
Average Demand
The mean amount of a product or service consumed or requested by customers over a specific period.
Cumulative Probability
The likelihood of an event happening up to a certain point, calculated by summing the probabilities of the event and all occurrences before it.
Interval of Random Numbers
A range within which random numbers can be generated, often used in simulations and probabilistic analyses.
Cumulative Probability
The probability that a random variable is less than or equal to a specific value, often visualized as the area under the probability distribution curve up to that point.
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