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Identify the principal methods for compensating salespeople and the advantages of each method.
Coefficient Of Variation
A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean, expressed as a percentage.
Range
The difference between the highest and lowest values in a dataset.
Coefficient Of Variation
A standardized measure of the dispersion of a probability distribution or frequency distribution.
Chebysheff's Theorem
A statistical theorem that provides a minimum probability for the distribution of values within k standard deviations from the mean for any data set, regardless of the distribution's shape.
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