Examlex
Tom takes 20 minutes to burn a CD and 5 minutes to make a sandwich. Jerry takes 15 minutes to burn a CD and 3 minutes to make a sandwich. Both individuals will be better off if
Z-score
A statistical measure that describes a value's relationship to the mean of a group of values, expressed in terms of standard deviations from the mean.
Average Cost
A method of inventory valuation where the cost of goods sold and ending inventory are calculated based on the weighted average of all purchases.
Median Price
The middle price in a set of prices of goods or assets, where half the prices are higher and half are lower.
Frequency Distribution
A statistical tool that shows how often each different value in a set of data occurs.
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