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We Sometimes Use Discrete Distributions in Place of Continuous Distributions

question 10

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We sometimes use discrete distributions in place of continuous distributions:


Definitions:

Merchandise

Goods that are purchased for resale at a profit as part of a business's retail operations.

Withdrawal

The act of removing funds from an account, or the act of removing capital from a business by its owner.

Environmental Assessment

The process of evaluating the potential environmental impacts of a planned project or development before decisions are made.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

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