Explain the Difference Between Random Numbers and Random Number Intervals

question 1

Essay

Explain the difference between random numbers and random number intervals.

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Definitions:

Intermediaries

Agents or businesses that act as a link in the supply chain, connecting producers with consumers or other businesses.

Distribution Channel

is a chain of intermediaries through which a product or service passes until it reaches the end consumer.

Cost To Consumer

The total price that a consumer has to pay to acquire a product or service, including the cost of production and the markup by sellers.

Intermediary

A mediator or agent between two parties who facilitates interaction, negotiation, or transaction, often seen in financial services, trade, and distribution channels.