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A random variable or stochastic variable is a value that is subject to chance variation (i.e., randomness in a mathematical sense).

3 votes
1 answer
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Significant bias introduced into simple simulation

Introduction Service is allocated to an infinite source of customers i.e. there is always a service in progress. The duration of the $i^{th}$ service is generally distributed $\Delta_i \sim F_{\Delta} …
Dylan Solms's user avatar
1 vote

Significant bias introduced into simple simulation

This question has been answered here. I repeat the answer by @Mark L. Stone "You have fallen victim to the renewal paradox, a.k.a. inspection paradox, a.k.a. length-biased sampling. $F_{\Delta}$ is t …
Dylan Solms's user avatar