The Information Revolution Has Changed Many Things About the Economy

question 26

Essay

The Information Revolution has changed many things about the economy, but most other aspects of life have remained unchanged. Describe two things that remain the same.

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Definitions:

Binomial Probability Distribution

A probability distribution showing the probability of x successes in n trials of a binomial experiment.

Skewed

Describes a distribution that is not symmetrical, with a long tail on either the right or left side, indicating that the data are not evenly distributed around the mean.

Probability Distribution

An equation in math that determines the chances of all the different possible results of a given experiment.

Soccer Team

A group of players participating in soccer matches, typically consisting of eleven players.