Businesses Can Recognize a Loss on Abandoned Property

question 1334

Essay

Businesses can recognize a loss on abandoned property. What types of factors would indicate that property had been abandoned?

---

Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant mean rate and independently of the time since the last event.

Numerical Variables

Variables that represent quantifiable data, allowing for mathematical operations to be performed on them.

Poisson Distribution

A probability distribution that expresses the likelihood of a given number of events occurring in a fixed interval of time or space.

Normal Distribution

A type of continuous probability distribution for a real-valued random variable, characterized by a symmetric bell-shaped curve.