Briefly Describe Data Flows

question 24

Essay

Briefly describe data flows.

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Definitions:

Probability

The measure of the likelihood that an event will occur, ranging from 0 (impossible) to 1 (certain).

Expected Income

An estimate of the amount of money an individual or entity anticipates earning over a specified period, often used for budgeting or planning purposes.

Tuition

The fee charged for instruction or teaching, typically by a school, college, or university.

Certain Income

A guaranteed or fixed amount of earnings that an individual or entity can expect to receive over a specific time period.