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Global Firms Need

question 6

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Global firms need:


Definitions:

Six Sided Die

A common type of die used in games, having six faces numbered one through six, with each face having an equal probability of landing up.

Probability

An indicator of how probable an event is to happen, represented by a numerical value ranging from 0 to 1.

Probability

The likelihood or chance that a particular event will happen, quantifiable as a value between zero (impossible) and one (certain).

Independent

Pertains to variables or events that are not influenced or affected by each other.

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