The Terms "2/10,net 30" Indicate That the Seller Is Offering

question 88

True/False

The terms "2/10,net 30" indicate that the seller is offering a 10% discount for early payment.

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Definitions:

Median

A measure of central tendency in statistics, representing the middle value in a set of data when arranged in order.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean value.

Percentile Score

The percentage of people someone scores higher than on a scale or test; a score at the 90th percentile means someone scores higher than 90% of the people who took the scale.

Normal Distribution

A symmetrical bell-shaped distribution in which most of the data points cluster around the mean, with decreasing frequency toward the tails.