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Agner Krarup Erlang. The erlang (symbol E[ 1]) is a dimensionless unit that is used in telephony as a measure of offered load or carried load on service-providing elements such as telephone circuits or telephone switching equipment. A single cord circuit has the capacity to be used for 60 minutes in one hour. Full utilization of that capacity ...
Percentage of customers waiting less than a given fixed time. Percentage of customers that do not experience a stockout. Percentage of all parts of an order being fulfilled completely. Use of a safety stock to ensure that a target percentage of orders can be met in full and on time. [ 1] The term "service level" is used in supply-chain ...
With some exceptions regarding erroneous values, infinities, and denormalized numbers, Excel calculates in double-precision floating-point format from the IEEE 754 specification [ 1] (besides numbers, Excel uses a few other data types [ 2] ). Although Excel allows display of up to 30 decimal places, its precision for any specific number is no ...
Case fatality rate. In epidemiology, case fatality rate ( CFR) – or sometimes more accurately case-fatality risk – is the proportion of people who have been diagnosed with a certain disease and end up dying of it. Unlike a disease's mortality rate, the CFR does not take into account the time period between disease onset and death.
For example, we might want to calculate the relative change of −10 to −6. The above formula gives (−6) − (−10) / −10 = 4 / −10 = −0.4, indicating a decrease, yet in fact the reading increased. Measures of relative change are unitless numbers expressed as a fraction. Corresponding values of percent change would be ...
Microsoft Excel is a spreadsheet editor developed by Microsoft for Windows, macOS, Android, iOS and iPadOS. It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA). Excel forms part of the Microsoft 365 suite of software.
(200% for the first formula and 100% for the second formula). Provided the data are strictly positive, a better measure of relative accuracy can be obtained based on the log of the accuracy ratio: log( F t / A t ) This measure is easier to analyse statistically, and has valuable symmetry and unbiasedness properties.
5%. 4%. 3%. 2%. 1%. The interest on corporate bonds and government bonds is usually payable twice yearly. The amount of interest paid every six months is the disclosed interest rate divided by two and multiplied by the principal. The yearly compounded rate is higher than the disclosed rate.