One of the Difficulties Presented by the Instantaneous Nature of Electronic

question 7

True/False

One of the difficulties presented by the instantaneous nature of electronic transactions is that, while efficiency is greatly improved, the transfers are irrevocable.

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Definitions:

Standardized Normal Value

A value derived from the process of transforming a data point to fit the normal distribution with a mean of 0 and a variance of 1.

Z-value

A statistical metric indicating how many standard deviations away from the mean a specific data point lies.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon.

Standard Normal Probability Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, used in statistics to represent standardized values of a dataset.