The Group Mean, in a Discriminant Analysis, Is Known as the Centroid

question 36

True/False

The group mean, in a discriminant analysis, is known as the centroid.

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Definitions:

Warranties On Purchases

Guarantees provided by a seller to a buyer ensuring the quality and performance of a product for a certain period.

Maintain More Than One Supply Source

The strategy of sourcing materials or products from multiple suppliers to reduce dependency on a single source.

Competitive Bidding

a procurement process where multiple suppliers submit offers, or bids, to win a contract to supply goods or services, often promoting fair pricing and quality.

Own Transportation Vehicles

pertains to businesses or individuals possessing and utilizing their own vehicles for transportation needs instead of relying on external services.