2 ms·
Can confirm. For a fleet owner, cost to repair vehicle is generally modeled as an [1] exponentially distributed rv, which has a positive skew, so [2] mean > med
by dxbydt 3y ago
Can confirm. For a fleet owner, cost to repair vehicle is generally modeled as an [1] exponentially distributed rv, which has a positive skew, so [2] mean > median.
[1] https://math.stackexchange.com/questions/187618/finding-combined-time-to-repair-two-machines-where-time-is-exponentially-distrib https://math.stackexchange.com/questions/187618/finding-comb...
[2] https://i.stack.imgur.com/2w6it.png https://i.stack.imgur.com/2w6it.png