Compare and Contrast the Description and Use of Physical Data

question 118

Essay

Compare and contrast the description and use of physical data flow diagrams and logical data flow diagrams.

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Definitions:

Fair Insurance Policy

Describes an insurance contract that provide coverage at reasonable, transparent, and equitable terms for both parties.

Uncertainty

The state of having limited knowledge about present or future events, making outcomes unpredictable.

Expected Value

The anticipated value of a variable, calculated as a weighted average of all possible values, with weights being their probabilities of occurrence.

Income

The total amount of money received by an individual or group over a certain period, often derived from work, investments, or business ventures.