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​A "Persistent" Class Is Sometimes Referred to as an "Entity

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​A "persistent" class is sometimes referred to as an "entity" class.

Apply the concept of standard deviation to insurance and business profit models.
Utilize formulas for the mean and standard deviation to solve practical problems involving multiple independent variables.
Derive and apply the formula for the standard deviation of a random variable defined by a linear transformation.
Analyze the distribution of outcomes in probability scenarios to calculate expected values and variability.

Definitions:

Design Stage

A phase in the development of a product, process, or system where its specifications, features, and functionalities are determined.

Product Costs

The total costs associated with the production of goods or services, including materials, labor, and overhead.

Environmental Impact

The effect or influence of human activities on the natural environment, including both negative and positive outcomes.

Life Cycle Assessment

Analysis of environmental impacts of products from the design stage through end-of-life.

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