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An electronics retail chain allows its front-line employees to make adjustments in day-to-day activities based on the needs of its customers across its outlets in various locations.This approach will help the retail chain in reducing the:
Continuous Random Variable
A variable that can take on an infinite number of values within a given range, where the outcomes cannot be counted and can only be described using intervals.
Probability Function
A formula that provides the probabilities for various outcomes within an experimental setting.
Density Function
In probability and statistics, a mathematical function that describes the probability distribution of continuous random variables, indicating the likelihood of different outcomes.
Legitimate
Valid or acceptable according to law or established rules, often used to describe something that is recognized as genuine or correct.
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