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Figure TB 1-1
-What type of relationship is shown in the accompanying figure?
Central Tendency
A statistical measure that identifies the center or typical value of a dataset, including mean, median, and mode.
Standard Deviations
A statistical metric that quantifies the variability or spread of a dataset relative to its mean, used in various fields to assess variation.
Mean Price
The average price of a set of goods or services, calculated by summing all prices and dividing by the number of items.
Standard Distribution Table
A tool used in statistics that shows the probabilities associated with a standard normal distribution.
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