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Descriptive Statistics: Definition, Types & Examples

Descriptive Statistics: Definition, Types & Examples

SSDSI Blog

Descriptive statistics is a branch of statistics that focuses on summarizing, organizing, and interpreting data in a way that makes it easy to understand and communicate. Unlike inferential statistics, which is concerned with making predictions or generalizations...
Queuing Theory: Understanding Waiting Lines

Queuing Theory: Understanding Waiting Lines

SSDSI Blog

Queuing theory is a mathematical study that delves into the analysis of waiting lines or queues. This field of study helps in understanding and modelling how queues form, how long they last, and how they can be managed effectively. The importance of queuing theory is...