Much of the study of probabilistic inventory models,queuing models,and reliability models relies heavily on the Poisson and Exponential distributions.

Name: Much of the study of probabilistic inventory models,queuing models,and reliability models relies heavily on the Poisson and Exponential distributions.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

This is true. The Poisson and Exponential distributions are commonly used in these models due to their mathematical properties and ability to model events occurring over time.

Much of the Study of Probabilistic Inventory Models,queuing Models,and Reliability