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Hit rate. Hit rate is a metric or measure of business performance traditionally associated with sales. It is defined as the number of sales of a product divided by the number of customers who go online, planned call, or visit a company to find out about the product. [ 1] Sales can be measured either as the sum of dollars pursued or the number ...
Exchanging an item online usually involves a return and another purchase. The ease of an in-person, in-store exchange is usually more convenient. Tip: Whether you shop in-store or online, it’s ...
Newsvendor model. The newsvendor (or newsboy or single-period[ 1] or salvageable) model is a mathematical model in operations management and applied economics used to determine optimal inventory levels. It is (typically) characterized by fixed prices and uncertain demand for a perishable product. If the inventory level is , each unit of demand ...
Time value of money. The present value of $1,000, 100 years into the future. Curves represent constant discount rates of 2%, 3%, 5%, and 7%. The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later.
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Order statistic. Probability density functions of the order statistics for a sample of size n = 5 from an exponential distribution with unit scale parameter. In statistics, the k th order statistic of a statistical sample is equal to its k th-smallest value. [ 1] Together with rank statistics, order statistics are among the most fundamental ...
Cloud and on-line spreadsheets. Collabora Online Calc — Enterprise-ready LibreOffice. [ 1] EtherCalc [ 2] (successor to SocialCalc, which is based on wikiCalc) LibreOffice Online Calc. ONLYOFFICE - Community Server Edition. Sheetster – "Community Edition" is available under the AGPL. Simple Spreadsheet.
In a typical 6/49 game, each player chooses six distinct numbers from a range of 1–49. If the six numbers on a ticket match the numbers drawn by the lottery, the ticket holder is a jackpot winner— regardless of the order of the numbers. The probability of this happening is 1 in 13,983,816. The chance of winning can be demonstrated as ...