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The Hypergeometric Distribution describes the probability of drawing a specific number of successes from a finite population without replacement.
The geometric distribution is a probability distribution that models the number of trials needed to get the first success in a series of Bernoulli trials.
The binomial distribution is used to determine the probability of achieving a specific number of successes in a fixed number of trials, with each trial having the same probability of success.
The Poisson distribution is a statistical model used to estimate the probability of a given number of events happening within a fixed interval of time or space.
The exponential distribution models the time between events in a process where events occur continuously and independently at a constant average rate.
Use our risk matrix calculator to evaluate and prioritize risks, helping to enhance understanding and effective risk management.
Learn how to use the risk matrix calculator by using our tool. Risk matrix is a very effective way of quantifying the risk involved in any decision making process
Use our EOQ and ROP calculator to evaluate and prioritize decisions towards an effective purchasing order quantity.
Learn how to use the EOQ and ROP calculator by using our advanced tool. Calculating the EOQ and ROP is an effective way on effective inventory management and decision making process
This free timesheet calculator is perfect for anyone who needs to track their hours for payroll, billing clients, or personal record-keeping. A timesheet calculator free of charge allows you to stay on top of your work hours without having to manually calculate everything
After filling in the times for each day, hit the Calculate Weekly Hours button to instantly see the total hours worked and any overtime.
TA Markov chain is a stochastic model that describes a sequence of events where the probability of each event depends only on the state attained in the previous event.
he Markov chain calculator for discrete time allows you to analyze the probabilities of transitioning between different states over a series of discrete time steps.
The Nash equilibrium is a fundamental concept in game theory that represents a situation where no player can benefit by changing their strategy while the other players keep theirs unchanged.
This Nash Equilibrium Calculator allows users to calculate the Nash equilibrium for 2x2 games quickly and efficiently.
The n Choose k Calculator helps you compute the number of ways to select k items from a set of n items, commonly referred to as combinations.
It is is widely used in probability, statistics, and various combinatorics problems.