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