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The local amusement park was interested in the average wait time at their most popular roller coaster at the peak park time (2 p.m.) . They selected 13 patrons and had them get in line between 2 and 3 p.m. Each was given a stopwatch to record the time they spent in line. The times recorded were as follows (in minutes) . 118, 124, 108, 116, 99, 120, 148, 118, 119, 121, 45, 130, 118
What is the 10th percentile?
Conventional Data Management
Traditional methods of collecting, storing, and processing data, often involving manual procedures or straightforward digital systems.
Data Mining Software
Computer programs designed to process large datasets to identify patterns, trends, and relationships.
Customer Retention
The activities and actions companies take to reduce the number of customer defections and to keep customers loyal to the brand or company.
Churn
The number of consumers who stop using a product or service, divided by the average number of consumers of that product or service.
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