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Entropy Is Related to Probability

question 16

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Entropy is related to probability.An isolated system moves toward


Definitions:

Leftover Inventory

Refers to the goods or materials that remain unsold and are kept in storage after a sales period has ended.

Season

A period of the year characterized by specific climatic conditions or marked by certain events or festivities.

Marginal Rate

The rate at which a certain quantity changes as another quantity, typically the input, is incrementally adjusted.

Demand Pattern

A demand pattern is a trend observed in the way consumer demand for goods or services changes over time.

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