________ Are Used to Protect the Owner of the Technology

question 22

Multiple Choice

________ are used to protect the owner of the technology from people imitating the technology. 

• A) Franchises
• B) Switching costs
• C) Patents
• D) Distributors

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Definitions:

Binomial Random Variable

A type of random variable that assumes only two possible outcomes, success or failure, in a series of independent trials with a constant probability of success.

Binomial Formula

A mathematical formula used to determine the probability of obtaining a fixed number of successes in a specific number of trials in a binomial experiment.

Standard Deviation

An indicator of the degree to which values in a dataset spread out or deviate from the average value of the collection.

Mean

The average of a set of numbers, obtained by dividing the sum of the numbers in the set by their quantity.