Differentiate a discrete from a continuous random variable
Problem: How would you differentiate a discrete from a continuous random variable? Provide a specific example to illustrate the difference.
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But, if a large facility is built and the demand turns out to be low, the profit is $100,000. What is the prior probability that the demand is high?
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How would you differentiate a discrete from a continuous random variable? Provide a specific example to illustrate the difference.
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Which of the following queueing models fits the above scenario best?
What are the major components of strategic management, and why is each component needed for success?
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