Examlex
In ________ pricing,the company decides how to price its products to different customers in different locations and countries.
Sample Statistic s
Calculated value (such as mean or standard deviation) from a sample of data, used to infer characteristics of the entire population.
Standard Error
A measure of the statistical accuracy of an estimate, calculated as the standard deviation of the sampling distribution of a statistic.
Probability Distribution
A function that describes the likelihood of different outcomes in an experiment.
Sample Mean
The average value of all the measurements in a sample, calculated by adding all the values and dividing by the number of observations.
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