Explain Offshoring and Outsourcing

question 58

Essay

Explain offshoring and outsourcing.

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Definitions:

Probability Density Function

A function that describes the likelihood of a random variable to take on a particular value.

Continuous Random Variable

A variable whose value is not fixed and can assume an infinite number of values within a given range.

Normal Probability Distribution

A bell-shaped distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A framework for measuring the extent of divergence or distribution in a collection of quantities.