List the Four Characteristics of a Bernoulli Process

question 16

Essay

List the four characteristics of a Bernoulli process.

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Definitions:

Turnover

In business, the total volume of sales or revenue made within a specified period. It can also refer to the rate at which employees leave a workforce and are replaced.

Operating Assets

Resources owned by a business that are used in its day-to-day operations to generate revenues, including both physical and intangible assets.

Return On Investment (ROI)

A measure of the profitability of an investment, calculated as the net profit from the investment divided by the cost of the investment.

Return On Investment (ROI)

A measure of profitability calculated by dividing net profit by the cost of investments.