Briefly Describe How Even Parity and Odd Parity Work

question 24

Essay

Briefly describe how even parity and odd parity work.Give an example of even parity with a 7-bit ASCII code, for the following: 0110110, using a 0 start bit and a 1 stop bit.

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Definitions:

Marginal Cost

The boost in complete costs associated with creating one more unit of a product or service.

Private Good

A product that is excludable and rival in consumption, meaning its use is limited to the purchaser and it cannot be shared without diminishing availability to others.

Rivalry

Competition or contention between two or more parties for a goal that only one can attain.

Excludability

A characteristic of a good according to which it is possible to prevent people who have not paid for the good from consuming it.