The Use of Cell Phones Has Become Commonplace to Make

question 63

Short Answer

The use of cell phones has become commonplace to make purchases and transfer funds between consumers. Two options are available: payments linked to _____ and payments added to your phone bill.

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Definitions:

Collectively Exhaustive

A condition where a set of events covers all possible outcomes, ensuring that every possible scenario is accounted for.

Probability

The quantification of an event's chance of happening, represented as a number from 0 to 1.

Sample Space

The collection of every potential result or outcome from a probabilistic experiment.

Random Experiment

An experiment or process for which the outcome cannot be predicted with certainty beforehand.