Please Define the Following Key Terms

question 75

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-William Shakespeare

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Definitions:

Probability

A measure that quantifies the likelihood of a certain event or outcome to occur, expressed as a number between 0 and 1.

System

An organized set of interrelated components or elements that function together toward a common goal.

Average Time

The mean period taken for a task or process to occur; calculated by summing the total time taken and dividing it by the number of occurrences or instances.

Customers

Individuals or entities that purchase goods or services from a business.