Examlex
Supply chain management is the process of selecting whether to make or buy the resources necessary for the manufacturing process.
Median
The middle value of a dataset arranged in order of magnitude, or the mean of the two middle values if the set has an even number of observations.
Mean
The mean of a collection of numbers, determined by summing up the values and then dividing by the total count of these values.
Weighted Mean
An average where each datum has a weight that determines its importance, calculating a mean that considers the significance of individual values.
Central Tendency
A statistical measure to identify the center of a data set, commonly identified by the mean, median, and mode.
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