Electronic Procurement Uses the Internet to Make It Easier,faster,and Less

question 10

True/False

Electronic procurement uses the Internet to make it easier,faster,and less expensive for an organization to purchase goods and services.

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Definitions:

Probability Distribution

A probability distribution is a statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Occurrences

Occurrences refer to the instances or events of something happening or being present in a particular context or dataset.

Poisson Distribution

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

Number Of Calls

A metric often used in telecommunications to describe the total volume of calls made or received within a specified period.