Examlex
Complete the Cost of Production Report for Department R for November from the information given.
Central 68%
Central 68% is a statistical term that refers to the percentage of data within one standard deviation of the mean in a normal distribution, implying that about 68% of the data fall within this range.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how much the values differ from the mean.
IQR
Interquartile Range, a measure of variability, indicates the range within which the middle 50% of a data set lies.
Median
The middle value in a data set when the numbers are arranged in ascending or descending order, or the mean of the two middle numbers if the data set has an even number of values.
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