A Discrete Distribution Is Useful for Many Situations,either When the Uncertain

question 45

True/False

A discrete distribution is useful for many situations,either when the uncertain quantity is not really continuous (the number of televisions demanded,for example)or when you want a discrete approximation to a continuous variable.

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining an organization's financial and operational goals.

Flexible Budget

A budgeting method that adjusts or scales according to the changes in activity or volume levels within a company.

Patient-Visits

The number of occasions when patients receive care from healthcare facilities or providers.

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the level of actual activity.