Identify Three Important Criteria to Determine If the Use of a Normal

question 53

Essay

Identify three important criteria to determine if the use of a normal distribution is justified

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Definitions:

Transferability

The quality of being able to be legally transferred from one owner to another, such as property, titles, or financial instruments.

Unanimous Vote

A vote in which all members of a decision-making body agree and there are no dissenting opinions.

Winding Up

The process of settling the accounts and liquidating the assets of a company for the purpose of distributing the proceeds to claimants and shutting down the company permanently.

Implied Authority

The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an agency, even if not explicitly authorized.