Examlex

Solved

In a Short Essay,describe the Importance of Customers and Social

question 51

Essay

In a short essay,describe the importance of customers and social media to the manager's job.Give specific examples where possible to support your discussion.


Definitions:

Expected Value

The expected value is a statistical concept representing the average of all possible outcomes of a random variable, weighted by their probabilities.

Random Variable

A variable that can take on numerical results as outcomes of a random event.

Poisson Probability Distribution

A statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Continuous Probability

Describes the likelihood of outcomes in situations where the range of possible values is an interval, allowing for any value within the range.

Related Questions