__________ Computing Offers a Pay-Per-Use Revenue Model Similar to a Metered

question 171

Short Answer

__________ computing offers a pay-per-use revenue model similar to a metered service such as gas or electricity.

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Definitions:

Statistical Inference

The process of drawing conclusions about population parameters based on a sample taken from the population.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states under a given number of observations.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely; in a continuous uniform distribution, any value within a specified range is equally likely to occur.

Standard Normal Variable

A random variable that has a normal distribution with a mean of zero and a standard deviation of one.