Examlex

Solved

What New Forms of Making Payments Have Been Spawned by the Advances

question 96

Essay

What new forms of making payments have been spawned by the advances in information technology of the past two decades? Is it likely that ours will become a cashless society anytime soon as a result of these innovations? Why?


Definitions:

Probability Distribution

This mathematical method determines the chances of various results happening in an experiment.

Sample Mean

The average value of a sample, calculated by summing all observations and dividing by the number of observations.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, underlying the principle of estimation in inferential statistics.

Mean

The arithmetic average of a set of numeric values, calculated by adding all the values together and dividing by the number of values.

Related Questions