ABC Analysis Is the Process of Dividing Items into ______

question 14

Short Answer

ABC analysis is the process of dividing items into ______ according to their dollar usage.

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Definitions:

Distribution Of Scores

The spread of all values, or scores, in a data set, often visualized through graphs and commonly analyzed to understand patterns and predict future outcomes.

Mode

The value that appears most frequently in a data set.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often used are the mean, median, and mode.

Median

A statistical measure representing the middle value in a set of data, where half the numbers are above the median and half are below.