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Queuing theory
Is the mathematical study of waiting lines. It analyzes how customers arrive, wait, and are served in a system.
Arrival rate (λ)
Average customers arriving per time
Service rate (μ)
Average customers served per time
Queue discipline
e.g., First Come First Serve (FCFS)
Discrete Probability Distribution
shows probabilities of outcomes for a discrete random variable (countable values).
BINOMIAL DISTRIBUTION
For a binomial random variable X (number of successes in n trials)
MULTINOMIAL DISTRIBUTION
is a generalization of the Binomial Distribution. It describes the probability of outcomes in n independent trials, where each trial can result in more than 2 categories (not just success/failure).
HYPERGEOMETRIC DISTRIBUTION
Used when sampling without replacement from a finite population.
GEOMETRIC DISTRIBUTION
Probability that the first success occurs on the k-th trial.
NEGATIVE BINOMIAL DISTRIBUTION
Probability that the r-th success occurs on the k-th trial
POISSON DISTRIBUTION
Used to model number of events in a fixed interval of time or space
Continuous Probability Distribution
Describes the probability of a continuous random variable that can take any value within an interval.
Normal Distribution
Is a symmetric, bell-shaped distribution defined by: Mean μ, X = observed value
Beta Distribution
A continuous probability distribution defined on the interval: 0 ≤ X ≤ 1
Exponential Distribution
A continuous probability distribution that models the waiting time until the next event occurs, when events happen: Independently or at a constant average rate
Weibull Distribution
Is a continuous probability distribution commonly used to model: Lifetimes of products, Failure times, Reliability of systems
Lognormal Distribution
Is a continuous probability distribution where: ln(X) is normally distributed
Uniform Distribution
Is a continuous probability distribution where all values in a given interval are equally likely. Uniform Because the probability is evenly (uniformly) distributed across the interval.
Normal Distribution
μ (mean), σ (standard deviation)
Beta Distribution
α, β
Gamma Distribution
α, β or k, θ
Exponential Distribution
λ
Chi-square Distribution
χ²
Weibull Distribution
λ (scale), k (shape)