E-Commerce, Short for ____, Is a Business Transaction That Occurs

question 30

Multiple Choice

E-commerce, short for ____, is a business transaction that occurs over an electronic network such as the Internet.

• A) electronic commerce
• B) exact commerce
• C) electric commerce
• D) educational commerce

Calculate probabilities using the normal approximation to binomial distribution.

Determine when to apply continuity correction in normal approximation.

Understand the concept of continuous probability distribution and that its total area under the curve equals one.

Use normal distribution concepts to approximate binomial distributions in real-world scenarios.

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Definitions:

Law of Effect

A psychological principle suggesting that behaviors followed by satisfactory outcomes are more likely to be repeated, whereas those followed by unsatisfactory outcomes are less likely to be repeated.

Satisfying Outcomes

Outcomes that fulfill or exceed the expectations of an individual, leading to contentment or happiness.

Behaviors

The observable actions, reactions, or conduct of an individual or group in response to external or internal stimuli.

Frustrating Outcomes

Results of actions that cause annoyance or disappointment due to failure to satisfy needs or expectations.