A Marketplace Extended Beyond Traditional Boundaries and Removed from a Temporal

question 8

Multiple Choice

A marketplace extended beyond traditional boundaries and removed from a temporal and geographic location is called a(n)

• A) exchange.
• B) marketspace.
• C) online marketplace.
• D) e-hub.

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Definitions:

Uniform Probability Distribution

A distribution in which all outcomes are equally likely to occur within a certain range.

Expected Value

The long-run average value of repetitions of the same experiment or random trial.

Triangular Distribution

A probability distribution with a shape formed by a triangle, which is specified by a minimum, a maximum, and a mode value.

Expected Value

The weighted average of all possible values of a random variable, taking into account their probabilities.