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The Industry Volume Variance Is the Portion of the Sales

question 135

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The industry volume variance is the portion of the sales activity variance due to a change in the company's proportion of sales in the markets in which they operate.


Definitions:

Bimodal Distribution

A probability distribution with two different modes or peaks.

Distribution

In statistics, the way in which values of a variable are spread or dispersed across a range.

Height

A measurement of how tall a person or structure is, typically measured from the base to the top.

Standard Deviation

A measure of variability that shows the spread or dispersion of a set of data points.

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