INFORMATION THEORY Definition

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INFORMATION THEORY is a branch of mathematics that overlaps into communications engineering, biology, medical science, sociology, and psychology. The theory is devoted to the discovery and exploration of mathematical laws that govern the behavior of data as it is transferred, stored, or retrieved.

Learn new Accounting Terms

COST CEILING, in project management, is the sum of the Project Cost Target plus the projects Contingencies cost allowances.

WHOLESALE is the selling of goods to retail merchants; usually in large quantities for resale to consumers.

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