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What Is the Difference Between a Hosted Software System and Purchased

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What is the difference between a hosted software system and purchased software?


Definitions:

Probability

The estimation of an event's likelihood, depicted as a numeral between 0 and 1.

Club Sandwich

A sandwich typically made with three slices of bread and filled with ingredients such as poultry, bacon, lettuce, tomato, and mayonnaise.

Cola

A sweetened, carbonated soft drink flavored with extracts from cola nuts and other ingredients.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

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