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Business Portfolio Planning Involves Two Steps: and

question 2

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Business portfolio planning involves two steps: and .


Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.

Normal Curve

A symmetrical, bell-shaped curve representing the distribution of variables, where most scores fall near the average, and fewer scores lie at the extremes.

Standard Deviation

A quantitative indicator that determines the extent of fluctuation or scattering of data points relative to their mean.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

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