The Major Application That Uses Circuit Switching Networks Is the Telephone

question 12

True/False

The major application that uses circuit switching networks is the telephone system,thus most data transferred using this type of network is voice traffic.

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Definitions:

Utility Function

A mathematical representation of a decision-maker's preference ranking for a set of outcomes or goods, reflecting their attitude towards risk.

Expected Utility

The anticipated value derived from an uncertain outcome, where utility represents a measure of relative satisfaction or benefit.

Indifference Curves

Graphical representations in microeconomics showing different bundles of goods between which a consumer is indifferent.

Risk-Averse Investors

Individuals or entities preferring to minimize financial risk, often choosing investments with lower potential returns to avoid loss.