Identify the Main Reasons Why Companies Change Existing Systems

question 112

Essay

Identify the main reasons why companies change existing systems?

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Definitions:

Simple Random Sample

A portion of a broader statistical population where each member has an equal likelihood of selection.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Compressive Strength

The capacity of a material or structure to withstand loads tending to reduce size, measured by the maximum stress it can withstand without fracture.

Normal Distribution

A bell-shaped curve that shows data distribution where most measurements are centered around the mean, denoting a predictable pattern of variability.