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Variance
A measure of dispersion the variance represents the average distance from any given observation in a series to the mean of that series in the units squared.
Suppose the arrival times of phone calls in a help centre follow a Poisson process with rate 20 per hour (so the inter-arrival times are independent exponential random variables).
Traditional cost accounting has been based on allocating a subjective or calculated range of indirect expenses to direct costs. Activity Based Costing (ABC) offers an alternative a
Important Characteristics of Data Center - The representative or average value which indicates where the middle of the data is located. Variation - the measur
Q. What is Sample Population? Choosing a sample population is one of the most important factors in gathering statistical data because all of the claims will be based on the sam
what is meant by tally
How can costs be classified by objective?
Consider a population of consumers uniformly distributed along the interval from left-hand (x = 0) to right-hand (x=1). The mass of consumers is 1. There are two firms (F1 and F2)
pebblemerchant program
merits and demerits of arithmetic mean
1. A search engine site claims that, on average, one out of five visitors clicks on an ad. (a) If 8 users visit the site, what is the probability that at least three click o
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