[Page 792 ( continued )] - random number table
-
a table containing random numbers derived from some artificial process, such as a computer program -
- random numbers
-
numbers that are equally likely to be drawn from a large population of numbers -
- random variable
-
a variable that can be assigned numeric values reflecting the outcomes of an event; because these values occur in no particular order, they are said to be random -
- random variations
-
movements in a forecast that are not predictable and follow no pattern -
- regression
-
a statistical technique for measuring the relationship of one variable to one or more other variables ; this method is used extensively in forecasting -
- regression equation
-
an equation derived from historical data that is used to forecast -
- regret
-
a value representing the regret the decision maker suffers when a wrong decision is made -
- relative frequency probability
-
another name for an objective (a posteriori) probability; it represents the relative frequency with which a specific outcome has been observed to occur in the long run -
- reorder lead time
-
the time between the placement of an order and its receipt into inventory -
- reorder point
-
the inventory level at which an order is placed -
- rim requirements
-
the supply and demand values along the outer row and column of a transportation tableau -
- risk averter
-
a person who avoids taking risks -
- risk taker
-
a person who takes risks in the hope of achieving a large return -
- Row operations
-
are used to solve simultaneous equations where equations are multiplied by constants and added or subtracted from each other -
- run
-
a sequence of sample values that displays the same tendency in a control chart -
|