Fill in the Blanks Below Based on the Benefits of XBRL

question 27

Essay

Fill in the blanks below based on the benefits of XBRL discussed in the text.
a.Consolidates results across ___ with much greater speed and reliability.
b.Focus effort on ___, rather than on laborious tasks in gathering, compiling and preparing data.
c.Free themselves from ___ systems and software which are difficult and costly to replace.
d.Improve investor relations through provision of more ___ information.
e.Saves costs by preparing data in one form and automatically generating ___.

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Definitions:

P(x < a)

This denotes the probability that the random variable X takes on a value less than a specific value a.

P(x = a)

The probability of a random variable x taking on a specific value a.

P(x = a)

The probability that the random variable X is equal to some value a.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values in a continuum or interval on the number line.