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Which of the Following Is a Required Condition for a Discrete

question 6

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Which of the following is a required condition for a discrete probability function?


Definitions:

R&D

Research and Development; activities in businesses or organizations aimed at gaining new knowledge or finding innovative applications of existing knowledge.

Forecast Cells

In modeling and simulation, parts of a spreadsheet or model designated for predicting future values based on historical data and regression analysis.

Simulation

A method or process of modelling a real phenomenon with a set of mathematical formulas. It is often performed with the help of computers to analyze the behavior of a system.

Overbooked Customers

A situation in service industries where more reservations or bookings are accepted than there is capacity for, leading to potential inability to serve all customers.

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