Explain the Difference Between Merchant and Agent Intermediaries

question 93

Essay

Explain the difference between merchant and agent intermediaries.

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Definitions:

Normally Distributed

A type of distribution where data is symmetrically distributed around the mean, forming a bell-shaped curve.

Life Expectancy

The average period that an individual is expected to live, based on current death rates.

Standard Deviation

A statistic that quantifies the amount of variation or dispersion of a set of data values.

Normally Distributed

Describes a distribution of data that follows the normal distribution curve, characterized by a bell shape and equal mean, median, and mode.