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Suppose you create a binary code by appending to each message word a1 a2 a3 two parity-check digits c1 = a1 + a2 and c2 = a2 + a3. Will the resulting code detect and correct all single-digit errors?
Net Present Value
A financial metric that calculates the present value of all future cash flows of a project or investment, subtracting the initial investment cost.
Customer Lifetime Value
A prediction of the net profit attributed to the entire future relationship with a customer.
Relationship
The connection or association between individuals, groups, or entities, which can be professional, personal, or commercial in nature.
Relationship Selling
A sales approach focusing on building long-term relationships with customers, rather than on individual transactions, to foster loyalty and repeat business.
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