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Define Span of Management, and Explain If There Is an Ideal

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Essay

Define span of management, and explain if there is an ideal span of management.


Definitions:

Independent Events

Independent events are two or more events whose outcomes do not influence each other, meaning the occurrence of one event does not affect the probability of the other.

Mutually Exclusive Events

Two or more events that cannot occur at the same time in any given experiment or real-life situation.

Conditional Probability

The probability of one event occurring with some relationship to one or more other events.

Conditional Probability

The probability of an event occurring given that another event has already occurred.

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