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Hewlett-Packard recently shifted its entire U.S. salesforce into home offices and saved millions in staff salaries and office rent despite the expense of equipping each home office with a notebook computer, fax/copier, mobile phone, two phone lines, and office furniture. Such decreased selling costs are among the benefits of
Random Variable X
A numerical value variable that is the result of a random occurrence.
Expected Value
The anticipated value of a random variable, calculating the mean of all possible values weighted by their probabilities.
Soccer Team
A group of players formed to compete in soccer matches, typically consisting of eleven players.
Random Variable X
A variable whose possible values depend on the outcomes of a probabilistic phenomenon.
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