Examlex
An assembly line consists of 21 tasks grouped into 5 workstations. The sum of the 21 task times is 85 minutes. The largest assigned cycle time is 20 minutes. The efficiency of this line is
Gambler's Fallacy
The misconception that a departure from what occurs on average or in the long term will be corrected in the short term.
Roulette-Type Game
A gambling game in which a ball is dropped onto a spinning wheel with numbered compartments, with players betting on where the ball will come to rest.
Charity Bazaar
Denotes a fundraising event organized to raise money for charitable causes, often featuring sales of goods and various entertainments.
Betting
Staking something on the outcome of an event in the hope of winning more than what was wagered.
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