You Have Been Asked to Design a New Contracts Database

question 55

Essay

You have been asked to design a new contracts database for a small publishing company.What fields do you anticipate needing? Which of these fields might be in use in other databases used by the company?

Understand the concept and calculation of interquartile range, percentile, and other measures of data dispersion.

Differentiate between various measures of variability and understand their applications.

Calculate and interpret the mean in different contexts, including stock prices and salaries.

Understand the concepts of skewness and distribution shapes, along with their numerical measures.

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Definitions:

Trading of Stocks

The act of buying, selling, or exchanging shares of companies listed on a stock exchange with the aim of generating a profit.

Investments

Assets purchased with the goal of generating income or appreciating in value over time.

Amazon Business

A business marketplace on Amazon providing business-to-business transactions and features like bulk pricing and business accounts.

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then resell them in smaller quantities to retailers or other businesses.