Examlex
Providing extra amenities to differentiate and support high-priced products is referred to as ________ pricing.
Tips
Voluntary payments given for services rendered, often in the hospitality industry, or advice and suggestions offered to help or inform.
Skewed Distribution
A representation of data that is not symmetric and where one tail of the distribution is longer or fatter than the other.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.
Dinner Cost
The total expense associated with a evening meal, including food, beverages, taxes, and tips.
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