The process of allocating participants to conditions such that all participants have the same chance of being in a given condition is referred to as a random assignment.
Allocate is defined because of the act of setting aside something for a sure reason. An example of allocation is whilst someone units aside a certain quantity from their paycheck every week to store for an upcoming vacation.
Aside from cash, a common issue to allocate is time: "The old girl in the shoe had so many kids she could only allocate 2.7 mins in line with day to talk to each one personally." resources also are regularly allotted.
An allocation is a technique of transferring overhead fees to value items, using a rational basis of allotment. Allocations are most typically used to assign prices to produced items, which then seem in the financial statements of a commercial enterprise in both the cost of goods offered or the inventory asset.
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