Examlex

Solved

Which of the Following Terms Refers to an Extra-Large Customer

question 28

Multiple Choice

Which of the following terms refers to an extra-large customer that generates significantly more revenue for a salesperson than other customers?


Definitions:

Frequency Tabulation

A statistical method for organizing data into a table to show how often each different value occurs.

Tchebysheff's Theorem

A statistical theorem that provides a bound on the probability that the value of a random variable deviates from its mean by more than a certain multiple of its standard deviation.

Standard Deviations

Measures the amount of variation or dispersion from the mean in a set of data points.

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all data will fall within three standard deviations (denoted as sigma) of the mean.

Related Questions